|Bid||0.2100 x 0|
|Ask||0.2150 x 0|
|Day's Range||0.2000 - 0.2150|
|52 Week Range||0.1000 - 0.3900|
|Beta (5Y Monthly)||0.30|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
MISSISSAUGA, Ontario, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the “Company”) (TSX-V: CCB) announces that the Company will be extending the exercise period of a total of 5,930,000 share purchase warrants, all of which are exercisable at $0.30 per share (collectively, the "Warrants"). The Warrants were issued pursuant to a private placement which closed over two tranches in April 2017. In January 2020, the terms of the warrants were extended by one year. The Company proposes to extend the expiry dates for all these Warrants by one (1) additional year, and accordingly, the new expiry dates for the Warrants are as follows: Tranche 1: For Warrants issued on April 12th, 2017, the new expiration date of those Warrants will be April 12, 2022.Tranche 2: For Warrants issued on April 26th, 2017, the new expiration date for those Warrants will be April 26, 2022. All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject to acceptance by the TSX Venture Exchange.A portion of the Warrants are held by parties who are considered to be "related parties" of the Company. Therefore, the amendment of Warrants constitutes a "related party transaction" as contemplated by Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions, and TSXV Policy 5.9 - Protection of Minority Shareholders in Special Transactions. However, the exemptions from formal valuation and minority approval requirements provided for by these guidelines can be relied upon as the fair market value of the Warrants does not exceeds 25% of the market capitalization of the Company. A material change report in respect of this related party transaction will be filed by the Company.CANADA CARBON INC.“Olga Nikitovic”Interim CEOContact InformationE-mail inquiries: firstname.lastname@example.orgP: (905) 813-8952“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).
MISSISSAUGA, Ontario, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the “Company”) (TSX-V:CCB), (FF:U7N1) is pleased to provide a corporate update. In July 2020, The Commission de la Protection du Territoire Agricole du Québec (“CPTAQ”) delivered a conditional positive preliminary orientation for the Miller Project. As part of the review process, the CPTAQ allows 30 days following its orientation for interested parties to submit any additional information related to the Project. The CPTAQ extended the 30-day window to allow parties more time to review the Miller Project information. Any party can request a public meeting with the CPTAQ. The party will have up to 10 days prior to the meeting to provide the CPTAQ with the documents to be discussed during the public meeting. A final decision will be rendered following the public meeting. Canada Carbon has been informed that a public meeting for the CPTAQ will be held. Scheduling is currently taking place and it is anticipated that the meeting will be held via ZOOM in February or March 2021. Grenville-sur-la-Rouge (GSLR) commissioned three counter expertise studies which have been filed with the CPTAQ. The studies are regarding hydrogeology, agronomy and forestry. “We have forwarded copies of the studies to our experts, however, a preliminary review of the contents of the reports indicates that there are no issues of concern in the reports likely to lead to a reversal of CPTAQ’s preliminary orientation. We will study these reports carefully and reiterate our willingness to work with the municipality and its citizens in the realization of the Miller project. We hope to work in collaboration and discussion with GSLR to determine what further studies are necessary for the advancement of the project. Collaboration and the sharing of information will make it possible to optimize the project for the benefit of the municipality and the project partners, as agreed to by each of the parties.” said Valerie Pomerleau, Director of Public Affairs and Communications, newly appointed.In October 2020, the Company announced that it had delivered on the initial order from Analytical Reference Materials International (“ARMI”), a subsidiary of LGC Standards Company (“LGC”), a global leader in the life sciences sector for the development of a Certified Reference Material (“CRM”). Once material is received by LGC it must go through a lengthy certification process which includes testing of the material at 10 to 12 different labs. The results from the various labs are then statistically analyzed and the batch is then certified at which point it will become available for sale.Over the past few weeks, we have met with many stakeholders and informed them about the Miller project. This graphite project not only has the potential to contribute to the achievement of greenhouse gas (“GHG”) reduction objectives, but it would also help develop the regional economy in addition to participating in the post-COVID-19 economic recovery. "The arrival of Ms. Pomerleau has made it possible to reach and raise awareness among several stakeholders of the Miller Project. Our new vision and a much more proactive communication have allowed us to rekindle the discussions surrounding the operation of a "green" graphite project in Grenville-sur-la-Rouge," specified Ms. Olga Nikitovic, Interim Chief Executive Officer.The Quebec government unveiled its Quebec Strategic and Critical Minerals Plan earlier this fall and Canada Carbon's involvement will be essential. In addition, the federal government announced an action plan for Small Modular Reactors (SMR), supporting Canada’s SMR Roadmap, will be important to Canada Carbon as the exceptional purity of the graphite from the Miller project would enable it to help meet the Government of Canada's objectives.“We are an indispensable ally in the development of new, low-emission energy sources and we want to be a full participant in that development. Our high purity graphite is essential for several applications that will have a positive environmental impact since its exploitation could be done with much lower carbon emissions than graphite from elsewhere in the world.” concluded Ms. Olga Nikitovic, Interim Chief Executive Officer.Canada Carbon is committed to keeping all stakeholders informed, and 2021 will be an opportunity to increase awareness of our vision and goals. We are in listening mode; we will work on the identified issues and opportunities of the Miller project and organize meetings to clarify them so that we can work together to improve the project and ensure its success. Canada Carbon will soon be launching a Miller Project participative platform in French to inform stakeholders regarding the project. From this platform, citizens will be able to easily consult the documentation related to the Miller Project.For further information:Olga Nikitovic Interim CEO Canada Carbon Inc. email@example.comValerie Pomerleau Director Public Affairs and Communications Canada Carbon firstname.lastname@example.org (819) 856-5678
MISSISSAUGA, Ontario, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the “Company”) (TSX-V: CCB): It is with profound sadness that the management and Board of Directors of Canada Carbon Inc. (“the Company”) shares the news that its Chief Executive Officer, R. Bruce Duncan (“Bruce”) passed away suddenly on Thursday, November 12, 2020.The Board of the Company states that, “We are deeply shocked and saddened by Bruce’s passing and our thoughts and deepest condolences are extended to Bruce’s family and friends.”Bruce will be greatly missed at Canada Carbon. His high energy, vivacious character, affable personality, unwavering stubbornness, and passionate dedication to the Company lead Canada Carbon successfully through many trying times during his 15-year tenure as CEO. The Company would like to pay tribute to his contribution to the junior mining landscape.The Board has appointed the Company’s Chief Financial Officer of 13 years, Olga Nikitovic, as its interim Chief Executive Officer, effective immediately. Olga, supported by the Company’s Board and associated technical staff, will ensure that the hard work invested by Bruce into Canada Carbon, and his resulting success, will continue to endure.CANADA CARBON INC.Board of Directors, Canada Carbon Inc.Contact Information E-mail inquiries: email@example.com P: 905-813-8952“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 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).