MONCTON, NB,
Dec. 10, 2013 /CNW/ - Francis McGuire, President and CEO of Major
Drilling Group International Inc., is pleased to announce the
promotions of Denis Despres to the
new position of Chief Operating Officer, and Larry Pisto to the existing position of VP,
North American Operations, where he will succeed Mr. Despres.
Mr. McGuire stated, "For many years we have
been following a disciplined strategy of growing our capacity in
specialized drilling, of diversifying our activities within the
scope of our expertise, and of keeping debt to minimum
levels. This strategy has served us well. Our
diversification efforts have been particularly successful in
North America and we see the
opportunity to expand these services in a disciplined manner in
many areas of our operations, while maintaining our strong balance
sheet and our strong position in specialized drilling. In
this new role of COO, Denis will focus on developing those
opportunities as well as supervising our existing regional global
operations, where he will work closely with our CFO, Denis Larocque." Mr. McGuire continued, "I am
also pleased to promote Larry to the position of VP, North American
Operations. Larry has distinguished himself over the years as our
General Manager of U.S. Operations, and will now have our Canadian
Operations added to his responsibilities."
Denis Despres
joined Major Drilling in 2010 after
spending 20 years in the drilling industry. He is a native of
Haileybury, Ontario. He holds a
Bachelor of Engineering from Lakehead
University, and a Masters of Business in Business
Administration from Queens
University.
Larry Pisto
joined Major Drilling with its
acquisition of Dynatec Drilling's U.S. operation in 2005. He has
been General Manager of all of Major
Drilling's U.S. operations since that time. He resides in
Utah, and has 36 years experience
in the drilling industry.
Denis Despres
will join Denis Larocque,
Jamie Gibson, the Vice President of
Legal, and Ben Graham, Global Safety
Director, in reporting directly to Mr. McGuire.
Forward-Looking Statements
Some of the statements contained in this press
release may be forward-looking statements, such as, but not limited
to, those relating to worldwide demand for gold and base metals and
overall commodity prices, the level of activity in the minerals and
metals industry and the demand for the Company's services, the
Canadian and international economic environments, the Company's
ability to attract and retain customers and to manage its assets
and operating costs, sources of funding for its clients,
particularly for junior mining companies, competitive pressures,
currency movements, which can affect the Company's revenue in
Canadian dollars, the geographic distribution of the Company's
operations, the impact of operational changes, changes in
jurisdictions in which the Company operates (including changes in
regulation), failure by counterparties to fulfill contractual
obligations, and other factors as may be set forth, as well as
objectives or goals, and including words to the effect that the
Company or management expects a stated condition to exist or occur.
Since forward-looking statements address future events and
conditions, by their very nature, they involve inherent risks and
uncertainties. Actual results in each case could differ materially
from those currently anticipated in such statements by reason of
factors such as, but not limited to, the factors set out in the
discussion on pages 16 to 18 of the 2013 Annual Report entitled
"General Risks and Uncertainties", and such other documents as
available on SEDAR at www.sedar.com. All such factors should be
considered carefully when making decisions with respect to the
Company. The Company does not undertake to update any
forward-looking statements, including those statements that are
incorporated by reference herein, whether written or oral, that may
be made from time to time by or on its behalf, except in accordance
with applicable securities laws.
Based in Moncton, New
Brunswick, Major Drilling Group International Inc. is one of
the world's largest metals and minerals contract drilling service
companies. To support its customers' varied exploration drilling
requirements, Major Drilling
maintains field operations and offices in Canada, the United
States, South and Central
America, Australia,
Asia, and Africa.
SOURCE MAJOR DRILLING GROUP INTERNATIONAL INC.