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SASKATOON, SK, Feb. 18, 2021 /CNW/ - Karnalyte Resources Inc.
("Karnalyte" or the "Company") (TSX: KRN) announced
today that the Company has received a statement of claim (the
"Claim") filed by Mr. Dan
Brown against Karnalyte, Frank
Wheatley, Mark Zachanowich,
Peter Matson, Todd Rowan, Gregory
Szabo, Sanjeev Varma and
Vishvesh Nanavaty (collectively, the
Among other things, Mr. Brown is seeking, among other things, a
declaration that certain statements made by the Defendants' about
the Plaintiff are false and defamatory; a written apology; a
declaration that the defendants have harassed, intimidated, and
threatened the Plaintiff; damages in the amount of $180,000 for breach of contract; general damages
of $500,000; punitive, exemplary and
aggravated damages of $200,000; that
the Defendants pay Mr. Brown for those monies paid by Mr. Brown for
his shares in Karnalyte; and an award of special damages, past and
future loss of income, and cost of future care.
The Company is thoroughly assessing the Statement of Claim with
legal counsel and is considering all available recourse.
The full Statement of Claim may be accessed by reviewing the
Court of Queen's Bench of Alberta's file number 2001-06644.
SOURCE Karnalyte Resources Inc.