Canada Carbon Receives Court Order Forcing GSLR to Adhere to Court Timeline
December 03 2018 - 7:00AM
Canada Carbon Inc. (the “Company”) (TSX-V:CCB),
(FF:U7N1) announces that on the morning of Friday,
November 30th, 2018, Canada Carbon’s lawyers attended Superior
Court and presented a motion they requested regarding the conduct
of GSLR and their failure to adhere to previously agreed court
imposed deadlines. Since the municipality did not respect a number
of the deadlines that were provided for and agreed to in the first
timetable imposed by the Court (filing of its defense and delivery
of documents and undertakings to the Company within certain
deadlines), the counsel for the Company at Friday’s hearing
presented and produced a second timetable to the Superior Court in
its Judicial review file.
According to this new timetable, the
Municipality will now have to transmit all documents that it had
already committed to transmit to the Company before December 7th,
2018. It will also have to communicate its modified defense to the
Company before December 7th, 2018.
According to the new timetable, on December
21st, 2018 the file will be complete and the parties will be able
to set a hearing date in this file. If the motion to split the
proceeding that was taken under advisement by Judge Benoît Moore is
granted, then the Company will proceed with the first debate on the
"graphite mine" and proceed later on the "marble quarry" component.
Judge Robert Mongeon ratified this new timetable and ordered the
parties to comply with it.
R. Bruce Duncan, CEO and Director of Canada
Carbon stated, “By imposing this new timetable on GSLR, which
provides for tight deadlines, we wanted to prevent the Municipality
from continuing to delay this judicial review for the sole purpose
of impeding the permitting process for the Company’s Miller
Project.”
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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