Karnalyte Resources Inc.

Karnalyte Resources Inc.

April 14, 2015 19:15 ET

Karnalyte Resources Inc. Takes Legal Action Against Phinney and Associated Entities for Serious Breaches of Law

CALGARY, ALBERTA--(Marketwired - April 14, 2015) - Karnalyte Resources Inc. ("Karnalyte" or the "Corporation") (TSX:KRN) has commenced legal proceeding against Robin Phinney, Jean Phinney (wife of Robin Phinney) and 1385659 Alberta Ltd., a company controlled by Robin Phinney. This legal action relates to, among other things, serious alleged breaches by Robin Phinney of his past employment and termination contract with Karnalyte.

In addition the Corporation claims that Phinney has also improperly solicited proxies.

The full Statement of Claim may be accessed by reviewing Court File Number 1501-04064, which has been commenced in the Court of Queen's Bench of Alberta.

Contact Information

  • Investors: Karnalyte Resources Inc.
    Stephen Goodman
    President & Chief Executive Officer

    Media: Longview Communications
    Joel Shaffer