GSLR Requests One Week Delay at Today’s Hearing
17 November 2018 - 9:49AM
Canada Carbon Inc. (the “Company”) (TSX-V:CCB),
(FF:U7N1) announces that this morning, the Company
presented its motion to the Superior court to obtain the
authorization to carry out a quick debate to split the Judicial
review into two components: 1) debate on the graphite mine project,
based on the fact that Section 246 of the Planning Act protects
mining projects that are carried out under the Quebec Mining
Act and 2) debate on the marble quarry.
The Municipality requested the postponement of
the motion in order to allow the CPTAQ to familiarize itself with
the motion and decide if it wants to make representations.
The Company’s motion to split will be presented
on Friday November 23rd, 2018. The attorneys for both parties
declared to the Court that the Company’s motion will proceed at
that date, whether the CPTAQ decides to participate in this debate
or not.
It is important to remember that the graphite
mine project and the marble quarry project are not subject to the
same conditions: the mine project is protected by section 246 of
the Planning Act and it does not require that the Company obtain an
attestation of conformity from GSLR, as the municipality’s
regulations do not permit the opposition to a mining project. As
for the marble project, the said attestation of conformity is
required, and it has been obtained but is contested by the current
municipal council for GSLR.
R. Bruce Duncan, CEO and Director of Canada
Carbon Inc. stated, “This motion is an important step in our
strategy to reactivate our graphite mine project as soon as
possible”.
CANADA CARBON INC. “R. Bruce Duncan”
CEO and Director
Contact InformationE-mail
inquiries: info@canadacarbon.comP: (604) 685-6375F: (604)
909-1163
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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).
Suite 605 –1166 Alberni Street Vancouver, BC,
V6E 3Z3P: (604) 685-6375 F: (604) 909-1163Email:
info@canadacarbon.comWeb: www.canadacarbon.com
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