Major Drilling Group International Inc.
TSX : MDI

Major Drilling Group International Inc.

November 02, 2015 17:00 ET

Major Drilling Announces New Officers

MONCTON, NEW BRUNSWICK--(Marketwired - Nov. 2, 2015) - Denis Larocque, Chief Executive Officer of Major Drilling Group International Inc. (TSX:MDI), is pleased to announce that following an external search in which he was a candidate, Mr. David Balser, currently VP Finance, has been promoted to the position of Chief Financial Officer ("CFO"). As well, Mr. Larocque is pleased to announce the promotions of Marc Landry to the new position of VP - IT and Logistics, and Ben Graham to the new position of VP - HR and Safety.

Mr. Larocque stated, "Major Drilling is focused on developing future successors for critical roles and these appointments are a direct result of those efforts. The appointment of Mr. Balser as CFO ensures continuity of vision and culture for the Company. David has 25 years of financial experience and joined Major Drilling in 2004. He has been involved in our financial reporting, treasury, and acquisition activities, and has built an intimate knowledge of our domestic and international drilling operations."

"I am also pleased to report the promotions of both Marc Landry and Ben Graham. These promotions are in line with our focus to be ready for the next upturn from a logistics, HR and safety perspective. In a cyclical industry like ours, the ability to efficiently manage our inventory and equipment across various geographies is a key element to our success, and our focus on the safety of our employees will become even more important in the next upturn as we expand the workforce."

"Marc Landry, currently our Corporate Controller, joined the Company in 2005 and has been instrumental in the implementation of our accounting systems across the organization. Ben Graham, currently our Director of HR and Safety, joined the Company in 2007 and led the efforts helping us to achieve 7,000,000 hours without a lost time injury as well as implementing our Core College, which is a key part of our staff development."

Forward-Looking Statements

Some of the statements contained in this news 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 17 to 21 of the 2015 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.

Major Drilling Group International Inc. is one of the world's largest drilling services companies primarily serving the mining industry. To support its customers' varied exploration drilling requirements, Major Drilling maintains field operations and offices in Canada, the United States, Mexico, South America, Asia, and Africa. Major Drilling provides all types of drilling services including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas and underground percussive/longhole drilling.

Contact Information

  • Major Drilling Group International Inc.
    Denis Larocque
    Chief Executive Officer
    (506) 857-8636
    (506) 857-9211 (FAX)
    ir@majordrilling.com