Feb 1 (Reuters) - Karnalyte Resources Inc KRN.TO :
* KARNALYTE RESOURCES INC. ANNOUNCES RECEIPT OF ORIGINATING APPLICATION
* KARNALYTE RESOURCES - ASSESSING ORIGINATING APPLICATION WITH LEGAL COUNSEL AND IS CONSIDERING ALL AVAILABLE RECOURSE
* KARNALYTE RESOURCES INC - APPLICANTS ARE SEEKING A REMOVAL OF ALL CURRENT DIRECTORS
* KARNALYTE RESOURCES INC - APPLICANTS ARE SEEKING DAMAGES IN AMOUNT OF $3.25 MILLION