VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 13, 2014) -Canada Carbon Inc. (the "Company") (TSX VENTURE
:CCB)announces that it has taken legal action to address a series of false and malicious comments published in the fall and winter of 2013 by four anonymous posters on the website: www.stockhouse.com (the "Stockhouse Website"). The Company does not take this action lightly, but has determined that it is necessary to protect the reputations of the Company and its CEO in light of the frequency and severity of the comments, and the posters' refusal to provide apologies and retractions.
The Company has attended at the Supreme Court of British Columbia and has now obtained orders for the production of all identifying information regarding four posters known as "2guys", "Jinbag", "Doobyus" and "Chubster56". The Company is dealing with each poster on a case by case basis and is considering all available legal options. The Company is also reviewing with its legal counsel the conduct of five additional posters.
The Company is pleased to announce that it has already reached settlements with the two posters known as "2Guys" and "Jinbag". Under the terms of these settlements these posters have agreed to publish apologies and retractions on the Stockhouse Website and have agreed to reimburse the Company for legal fees incurred to date. The full text of these apologies is outlined below.
The Company is still in the process of dealing with the two posters known as "Doobyus" and "Chubster56". The poster known as "Doobyus" has been identified as Paul K. Cooper, a former consultant of the Company and the current Chief Operating Officer of Saint. Jean Carbon Inc. The Company has sought an apology and retraction from Mr. Cooper but has yet to receive any response and is considering appropriate further legal recourse in light of Mr. Cooper's current position and history with CCB. The poster known as "Chubster56" has only recently been identified and the Company is in the process of contacting this poster