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    OGD   CA68556N1042

ORBIT GARANT DRILLING INC.

(OGD)
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Delayed Toronto Stock Exchange  -  05/13 01:35:35 pm EDT
0.7300 CAD   -1.35%
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Orbit Garant Drilling : Announces Results of Voting at Its Annual and Special Meeting of Shareholders 2021-12-01

12/01/2021 | 05:11pm EDT

VAL-D'OR, QC, Dec. 1, 2021 /CNW/ - Orbit Garant Drilling Inc. (TSX: OGD) ("Orbit Garant" or the "Company") today announced the results of voting at its annual and special meeting of shareholders (the "Meeting") held earlier today in Val-d'Or.

All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as directors of the Company. Detailed results of the election are set out below:

Director Nominees

NUMBER OF SHARES

PERCENTAGE OF VOTES CAST

FOR

WITHHELD

FOR

WITHHELD

Éric Alexandre

25,417,436

298,000

98.84%

1.16%

Pierre Alexandre

25,417,436

298,000

98.84%

1.16%

Jean-Yves Laliberté

25,708,336

7,100

99.97%

0.03%

Pierre Rougeau

25,708,336

7,100

99.97%

0.03%

Nicole Veilleux

25,708,336

7,100

99.97%

0.03%

Shareholders also approved the re-adoption of the Company's stock option plan.

In addition, KPMG LLP was reappointed as the auditor of the Company.

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 Canadaand internationally through its 220 drill rigs and approximately 1,500 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.

SOURCE Orbit Garant Drilling Inc.

For further information:

Daniel Maheu, Chief Financial Officer, (819) 824-2707 ext. 124; Bruce Wigle, Investor Relations, (647) 496-7856


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Disclaimer

Forage Orbit Garant Inc. published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 22:10:04 UTC.


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Financials
Sales 2022 206 M 159 M 159 M
Net income 2022 - - -
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 27,3 M 21,1 M 21,1 M
Capi. / Sales 2022 0,13x
Capi. / Sales 2023 0,11x
Nbr of Employees 1 269
Free-Float 72,4%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 0,73 CAD
Average target price 1,75 CAD
Spread / Average Target 140%
Managers and Directors
Eric Alexandre President, Chief Executive Officer & Director
Daniel Maheu Chief Financial Officer & Secretary
Jean-Yves Laliberté Non-Executive Chairman
Pierre Alexandre Vice Chairman & VP-Business Development
Pierre Rougeau Director
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