Permission to Appeal Granted to Municipality
December 19 2018 - 8:14AM
Canada Carbon Inc. (the “Company”) (TSX-V:CCB)
(FF:U7N1) announces that on December 18th, 2018, Mr.
Justice Martin Vauclair of the Quebec Court of Appeal gave
permission to the Municipality of Grenville-sur-la-Rouge (“the
Municipality”) to appeal the decision rendered by Madam Justice
Danielle Turcotte who rejected the Municipality's motion to dismiss
the Company’s damage claim as abusive. In granting this permission,
Judge Vauclair indicated that he was not commenting on the chances
of success of this appeal.
It should be noted that the Turcotte judgment
concluded in particular that the damage claim filed by the Company
1) did not appear abusive, 2) nor did it present the
characteristics of a SLAPP lawsuit, but rather that 3) the action
of the Company is an action in damages of a conservatory nature.
The Municipality will therefore have the burden of demonstrating to
a bench of 3 judges of the Court of Appeal that the Turcotte
judgment is unfounded in fact and in law.
Executive Chairman and CEO R. Bruce Duncan said:
"The filing of our action for damages and its subsequent suspension
would both safeguard the rights of the Company and also prevent the
Municipality from having to defend itself against this action
pending the results of other legal proceedings. This approach was
considered reasonable in the decision handed down by Madam Justice
Turcotte.”
The Company will vigorously contest the
Municipality’s position.
CANADA CARBON INC. “R. Bruce Duncan”CEO and
Director
Contact InformationE-mail
inquiries: info@canadacarbon.comP: (604) 685-6375F: (604)
909-1163
“Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.”
FORWARD LOOKING STATEMENTS:
This news release contains forward-looking statements, which relate
to future events or future performance and reflect management’s
current expectations and assumptions. Such forward-looking
statements reflect management’s current beliefs and are based on
assumptions made by and information currently available to the
Company. Investors are cautioned that these forward looking
statements are neither promises nor guarantees, and are subject to
risks and uncertainties that may cause future results to differ
materially from those expected. These forward-looking statements
are made as of the date hereof and, except as required under
applicable securities legislation, the Company does not assume any
obligation to update or revise them to reflect new events or
circumstances. All of the forward-looking statements made in this
press release are qualified by these cautionary statements and by
those made in our filings with SEDAR in Canada (available at
www.sedar.com).
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