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Canada Carbon Closes Non-Brokered Private Placement
Posted on Tuesday December 11, 2018
Canada Carbon Inc. (the “Company”) (CCB.V) announces it has closed a non-brokered private placement (the “Private Placement”) in which it issued 2,800,000 units at $0.13 per unit for gross proceeds of $364,000. Each unit is comprised of one common share and one common share purchase warrant exercisable at $0.18 for three years. The proceeds from the private placement will be used to bolster the Companies treasury for the legal proceedings that are underway. Executive Chairman and CEO, R. Bruce Duncan asserted, “The Board of Directors and Senior Officers of Canada Carbon are fully committed to reinstating and completing the Miller Project permitting process.
GSLR Fails to Comply With an Order of the Court
Posted on Monday December 10, 2018
GSLR has failed to comply with a Superior Court order to submit documents and undertakings related to the Judicial review. On November 30th, 2018 Canada Carbon’s lawyers attended Superior Court and presented a motion regarding the conduct of GSLR and their failure to adhere to previously agreed court imposed deadlines for the submission of documents and undertakings. A new timetable was filed in Superior Court and Justice Mongeon ordered both parties to comply with it.
Canada Carbon Receives Judgement on Motion to Split and Arranges Non-Brokered Financing
Posted on Thursday December 06, 2018
Canada Carbon Inc. (the “Company”) (CCB.V) announces that on November 23rd, 2018 the Company presented its motion to the Superior Court to split its 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. On December 5th, 2018 Judge Benoît Moore rendered his judgment which denied the Company's request to split the Judicial review. The Judge indicated that an important factor he considered in his judgement was that the Judicial review was a few weeks away from being ready for trial.
Canada Carbon Receives Court Order Forcing GSLR to Adhere to Court Timeline
Posted on Monday December 03, 2018
Canada Carbon Inc. (the “Company”) (CCB.V), (U7N1.F) announces that on the morning of Friday, November 30th, 2018, Canada Carbon’s lawyers attended Superior Court and presented a motion they requested regarding the conduct of GSLR and their failure to adhere to previously agreed court imposed deadlines.