Orbit Garant Drilling Inc. (TSX:OGD) today announced that Eric Alexandre, President and COO of the Company, has been appointed President and CEO, effective immediately. The Company’s former CEO Pierre Alexandre will become Vice Chairman of the Company.
“I am very pleased to pass the leadership of Orbit Garant to Eric,” said Pierre Alexandre. “As President and COO, he has been responsible for the outstanding financial performance of the Company during very challenging economic times. He has earned the respect and admiration of everyone on the board and management team.”
The Company also announced that James Johnson has stepped down from his role as Chairman and as a director. He is replaced as Chairman by Guthrie Stewart, who has been a director of the Company since its IPO in June, 2008.
“It has been a great pleasure to work alongside the Orbit Garant board and management team.” said Mr. Johnson. “As I pass the torch to Mr. Stewart, I am able to say with confidence that Orbit Garant is well positioned for continued success. It is an exciting road ahead and I look forward to the Company’s promising future.”
“The contributions of James and Pierre to the success of Orbit Garant are enormous,” said Eric Alexandre. “The strong position of the Company today is a testament to their vision and commitment. We are fortunate that we will continue to benefit from Pierre’s experience as Vice Chairman. On behalf of the Board and all the members of the Orbit Garant team, I would like to thank James for his leadership and we wish him well.”
About Orbit Garant
Orbit Garant is one of the largest Canadian-based drilling companies, providing both underground and surface drilling services in Canada and internationally through its 155 drills and more than 600 employees. Orbit Garant provides services to major, intermediate and junior mining companies, through each stage of mining exploration, development and production.
Forward-looking information
This press release may contain forward-looking statements (within the meaning of applicable securities laws) relating to business of Orbit Garant Drilling Inc. (the “Company”) and the environment in which it operates. Forward-looking statements are identified by words such as “believe”, “anticipate”, “expect”, “intend”, “plan”, “will”, “may” and other similar expressions. These statements are based on the Company’s expectations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. These risks and uncertainties are discussed in the Company’s regulatory filings available at http://www.sedar.com/. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. The Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances.
For further information:
| Eric Alexandre President and Chief Operating Officer (819) 824-2707 Ext. 233 | Derek Henderson Investor Relations (416) 447-4740 Ext. 232 |