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Gold/Mining/Energy : Canada Carbon CCB-V
CCB 107.73+1.2%Nov 3 4:00 PM EST

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From: jazzed3/5/2018 8:20:33 AM
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Canada Carbon to file $96M suit against GSLR

2018-03-05 07:41 ET - News Release

Mr. R. Bruce Duncan reports

CANADA CARBON TO FILE $96 MILLION LAWSUIT AGAINST GSLR AND COUNCIL MEMBERS

Following its filing of an appeal before Quebec's Administrative Tribunal to review the CPTAQ's decision to administratively close its file, Canada Carbon Inc. formally notified and filed, on March 2, 2018, an application for judicial review and declaratory judgment before the Superior Court, against Grenville-sur-la-Rouge, to annul the resolution of non-compliance adopted on Dec. 12, 2017, by its Municipal Council, to declare that Canada Carbon has crystallized its right to a mine and a marble quarry from the moment it filed a request before the CPTAQ and finally to declare that the council of Grenville-sur-la-Rouge acted in bad faith. On Friday, March 2, 2018, at 10:52 a.m. Eastern Standard Time, Thomas Arnold, Mayor for Grenville-sur-la-Rouge, accepted service of the judicial review application.

As required by law, a 15-day notice must be given prior to the filing of an action for damages. Accordingly, on Friday, March 2, 2018, Grenville-sur-la-Rouge and all of its councillors were put on formal notice that an action for damages of $96-million will be served and filed before the Superior Court.

We seek Safe Harbor.
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