A 2016 TSX Venture 50 Company  Canada Carbon Inc. is listed on the TSX
 
CCB - TSX | U7N1 - Frankfurt
 

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Canada Carbon Provides Update on TAQ Ruling

November 15th, 2018, Vancouver, BC, Canada – Canada Carbon Inc. (the “Company”) (TSX-V:CCB), (FF:U7N1) announces that last Friday, the Tribunal administratif du Québec (“TAQ”) rendered a decision in the case of Canada Carbon against Grenville-Sur-La-Rouge ("GSLR"). In this decision, TAQ concludes that it does not have jurisdiction to hear the appeal of the decision rendered by the Commission de la protection du territoire Agricole du Québec (“CPTAQ”), which rejected Canada Carbon's application for authorization, because this debate falls under the jurisdiction of the Superior Court.

What was presented as an important decision is in fact a decision that will have very little impact on the ongoing case because Canada Carbon already filed a motion for Judicial Review several months ago in the Superior Court of Quebec which specifically aims to:

  1. declare the resolution passed on December 12, 2017 by the new council of GSLR null and void;
  2. declare that section 246 of the Land Use Planning and Development Act makes any applicable municipal by-law unenforceable against the Canada Carbon graphite mine project;
  3. have Canada Carbon vested with rights to proceed with its marble project.

Counsel for Canada Carbon, Mr. Roger Paiement, states: “This decision rendered by the TAQ last Friday will be of no consequence to the extent that this tribunal concludes that the debate does not fall within its jurisdiction but that of the Quebec Superior Court. However, the Quebec Superior Court is already engaged in this debate through the Judicial Review and will decide the questions above."

Once the above issues have been decided by the Superior Court, the CPTAQ authorization application process can then be reactivated and Canada Carbon's application can then proceed in its normal course.

"The eventual decision to be made by the Superior Court on the Application for Judicial Review," explains Mr. Paiement, "will be the one that will be decisive and which will confirm the right of Canada Carbon to proceed with its graphite mine and marble quarry."

CANADA CARBON INC.


R. Bruce Duncan

 CEO and Director

 

Contact Information

E-mail inquiries: info@canadacarbon.com

P: (604) 685-6375

F: (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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