VANCOUVER, British Columbia, May 16, 2018 (GLOBE NEWSWIRE) — Canada Carbon (the “Company”) (TSX-V:CCB) (OTC:BRUZF) (FF:U7N1) – As reported on April 9, 2018, attorneys for Grenville-sur-la-Rouge (“GSLR”) asked the Superior Court to allow GSLR to conduct an hydrogeological assessment of the Miller Project in the context of the Judicial Review filed by Canada Carbon. The Superior Court found that it was not appropriate to allow GSLR to produce such an assessment and therefore dismissed that request.
This morning, GSLR attorneys presented their motion before the Court of Appeal to be allowed to appeal the refusal by the original judge. This request was contested by Canada Carbon’s attorneys.
The motion was presented to Judge Mark Schrager of the Court of Appeal. After hearing the representations of the attorneys for both parties, the judge decided to dismiss GSLR’s motion for permission to appeal, with the legal costs against GSLR. As a result of this judgement, GSLR will not be authorized to carry out an hydrogeological assessment for the Judicial Review.
Bruce Duncan, Chief Executive Officer of Canada Carbon stated, “This important decision of the Court of Appeal will limit the debate to the essential questions of whether Canada Carbon’s Miller Project complied with the GSLR municipal regulations at the time of filing its application to the Municipality of GSLR and/or the Commission for the Protection of the Agricultural Territory and whether our rights were crystalized at that time.”
CANADA CARBON INC.
“R. Bruce Duncan”
CEO and Director
“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).