VAL-D'OR, QC, Feb. 8, 2023
/CNW/ - Orbit Garant Drilling Inc. (TSX: OGD) ("Orbit Garant"
or the "Company") today announced the permanent appointment of Mr.
Pierre Alexandre as the Company's
President and Chief Executive Officer. Mr. Alexandre had previously
been serving in this role on an interim basis since November 2022.
"We are pleased that Pierre has accepted the role of
President and CEO on a permanent basis," said Jean-Yves Laliberté,
Chair of Orbit Garant's Board. "Given his background with the
Company, we believe he is the most qualified person to lead Orbit
Garant into its next phase of growth."
Pierre Alexandre co-founded Orbit
Garant Drilling in January 2007, and
since that time the Company has grown to become one of the most
prominent Canadian operators in the mineral drilling industry. Mr.
Alexandre has almost 40 years of experience in the mineral
drilling industry, including field operations, project planning and
business development.
Orbit Garant also announced the appointment of Mr. Mario Jacob to its Board of Directors, effective
immediately. Mr. Jacob will also serve as a member of the
Audit Committee and Corporate Governance and Compensation
Committee. With Mr. Jacob's appointment, Orbit Garant's Board of
Directors now has five members.
Mr. Jacob has more than 20 years of experience in corporate
finance, including significant experience in Quebec's mining sector. He currently serves as
Managing Director of NCP Investment Management, a wealth
management firm he co-founded in 2012, and President and Director
of Maximus Capital Inc., a consulting firm specializing in
corporate financing and reorganization that he founded in
2003. Mr. Jacob is also a Director of Cartier Resources Inc.,
Dundee Sustainable Technologies Inc. and Soluroc inc. Previously,
he served as a Director of Osisko Exploration James Bay Inc. and
its predecessor Virginia Mines Inc. A lawyer by training, Mr. Jacob
was called to the Quebec Bar in 1995. He is a certified director in
Quebec, having received the
Administrateur de sociétés certifié (ASC) designation in 2009.
"On behalf of the entire Board of Directors, I am delighted to
welcome Mario to our Board," continued Mr. Laliberté, "His
extensive corporate finance and mining industry experience will be
beneficial to Orbit Garant as we work to build market share and
drive profitable growth."
About Orbit Garant
Headquartered in Val-d'Or,
Quebec, Orbit Garant is one of the largest Canadian-based
mineral drilling companies, providing both underground and surface
drilling services in Canada and
internationally through its 216 drill rigs and approximately 1,300
employees. Orbit Garant provides services to major, intermediate
and junior mining companies, through each stage of mining
exploration, development and production. The Company also provides
geotechnical drilling services to mining or mineral exploration
companies, engineering and environmental consultant firms, and
government agencies. For more information, please visit the
Company's website at www.orbitgarant.com.
Forward-looking information
This news 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. Risks and uncertainties that could
cause actual results, performance or achievements to differ
materially include the ability of the jurisdictions in which the
Company operates to manage and cope with the implications of
COVID-19, the impact of measures taken by such jurisdictions to
control the spread of COVID-19 on the Company's operations, the
economic and financial implications of COVID-19 to the Company,
including its impact on cash flows, liquidity and the Company's
compliance with its obligations under its borrowing agreements as
well as the risks and uncertainties are discussed in the Company's
regulatory filings available at 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
except as required by applicable securities laws.
SOURCE Orbit Garant Drilling Inc.