THE APPEAL COURT OF QUEBEC ABANDONS ITS DELIBERATIONS ON THE TURCOTTE JUDGMENT
March 12 2020 - 6:00AM
Canada Carbon Inc. (the “Company”) (TSX-V:
CCB) announces that on Monday, March 9th, 2020, the Appeal
Court of Quebec abandoned its deliberations to review the judgment
rendered by Madam Justice Danielle Turcotte of the Superior Court
of Quebec. In November 2018, Justice Turcotte concluded that the
action for damages by Canada Carbon against the municipality of
Grenville-sur-la-Rouge was not a “SLAPP” action. In explaining her
decision, she stated that:
• The Company's claim for damages did not meet
the characteristics of a “SLAPP” action;
• The claim was not intended to silence, but to
eventually obtain compensation for damage caused by the
municipality; and
• There was a lack of proof of abuse.
Executive Chairman and CEO, R. Bruce Duncan,
said: “We are pleased that all of the legal proceedings have been
concluded and that we will now be able to concentrate on
establishing a constructive dialogue on the Miller project with the
elected officials of Grenville-sur-la-Rouge, the population of GSLR
and other stakeholders."
CANADA CARBON INC.
“R. Bruce Duncan”CEO and Director
Contact InformationE-mail
inquiries: info@canadacarbon.comP: 905 813-8408
“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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