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.
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.
For further information:
Francis McGuire, Chief Executive Officer
Tel: (506) 857-8636
Fax: (506) 857-9211