GSLR Fails to Comply With an Order of the Court
December 10 2018 - 10:02AM
GSLR has failed to comply with a Superior Court order to submit
documents and undertakings related to the Judicial review.
On November 30th, 2018 Canada Carbon’s lawyers
attended Superior Court and presented a motion regarding the
conduct of GSLR and their failure to adhere to previously agreed
court imposed deadlines for the submission of documents and
undertakings. A new timetable was filed in Superior Court and
Justice Mongeon ordered both parties to comply with it.
The date of December 7th, 2018 was the final
deadline for the submission by GSLR of the many documents and
completion of the numerous undertakings related to examinations for
discovery that were done by Canada Carbon’s lawyers. To-date,
Canada Carbon has not received the said documents and
undertakings.
Executive Chairman and CEO, R. Bruce Duncan
asserted, “It is now clear to us that GSLR is either unwilling or
unable to provide evidence to substantiate their position even when
so ordered by a Judge of the Superior Court. GSLR continues to defy
deadlines imposed by the court for the sole purpose of delaying the
trial.”
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).
Canada Carbon (TSXV:CCB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Canada Carbon (TSXV:CCB)
Historical Stock Chart
From Apr 2023 to Apr 2024