March 12th, 2020, Mississauga, ON, Canada – 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
E-mail inquiries: email@example.com
P: (905) 813-8408
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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).