Canada Carbon Responds to Michelle Lalonde of the Montreal Gazette
May 08 2019 - 2:10PM
Canada Carbon (the “Company”)
(CCB:TSX-V) (BRUZF:OTC) (U7N1:FF) announces that on
May 7th, 2019, Michelle Lalonde at The Gazette published an article
entitled "Grenville-sur-la-Rouge Fundraising to Fight Lawsuits from
Vancouver Mining Company." Not having the opportunity to present
Canada Carbon's perspective prior to publication, we would like to
respond to some of the statements made there.
First, this article reports that Mayor Arnold
"will fight it till the end (...) because the health of our
citizens is our responsibility". There is no evidence that the
Canada Carbon Project poses any danger to residents or to water
resources. On the contrary, all the hydrogeological studies that
have been carried out to date show that the activities will have no
impact on water resources. The mineral deposit is incapable of
generating acid mine drainage, and cannot leach toxins or heavy
metals. The debate is not about health but rather about the
municipality's right to block a project that, at the time of its
filing, was in compliance with the applicable zoning by-law.
Second, the article notes that the project "will
bring noise, dust, and additional traffic". According to studies to
date, residents are not expected to be affected by the activities
since acoustic walls will be put in place and the operating hours
of many of the activities will be limited. In any case, Canada
Carbon is and has always been willing to discuss with municipal
officials mitigation measures that will reduce the impacts of its
project.
Third, the article quotes Mr. Ugo Lapointe of
Mining Watch Canada as saying that the action for damages brought
by Canada Carbon is a "SLAPP suit". It is worth recalling that
Madam Justice Turcotte rendered a judgment on this issue on
November 9th, 2018 and concluded that Canada Carbon's action in
damages did not have any of the characteristics of a SLAPP
action. This judgment has been appealed by the municipality and the
Court of Appeal will consider the issue on May 17th, 2019.
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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