MONCTON, NB, Jan. 4 /CNW/ - Landdrill International Inc. (TSX.V:LDI) is pleased to announce the appointment of Mr. David M. Beatty to the
Company's Board of Directors.
Mr. David M. Beatty is the Chief Executive Officer, Director of Rio Novo
Gold Inc. Mr. Beatty brings 25 years of experience in investment
banking principally focused on equity financing and mergers and
acquisitions of mining and natural resource companies. In 2002, Mr.
Beatty co-founded Westwind Partners Inc., an investment bank. Prior
thereto, Mr. Beatty was Head of the Mining & Metals Group at First
Marathon Securities (now called NB Financial) and a partner and Head of
Mining Group at Gordon Capital Corporation. Mr. Beatty co-founded
Yamana Resources Inc. with Mr. Victor Bradley in 1994 and advised on
the acquisition of the Santa Elina property in May 2003. Mr. Beatty
holds a B. Comm. (Queen's), M. Phil., International Affairs (Cambridge)
and an MBA (Harvard Business School).
Ron Goguen Sr., the President and CEO of Landdrill said, "I am very pleased to welcome Mr. Beatty as an independent director. David's resource-based, finance and public
company experience make him a valuable addition to our Board. We look
forward to working closely with him."
For a review of the Company's results, copies of Landdrill's financial
statements along with the management discussion and analysis (MD&A) can
be found on SEDAR (www.sedar.com).
Landdrill is a growth oriented international drilling company with a
focus on the metals and minerals industry. The Company continues to
explore opportunities for growth in key markets, either through
establishment of new branch offices or through acquisitions as
opportunities arise. The Company now has 36 drills with full branch
operations in Canada, Mexico, Mongolia and Russia.
For detailed information on Landdrill International Inc., or to request
a bid submission for your project worldwide, please visit our website
This press release may contain forward-looking statements (within the
meaning of applicable securities laws) relating to business of
Landdrill International 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. These
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE LANDDRILL INTERNATIONAL INC.
For further information:
President and Chief Executive Officer
Landdrill International Inc.
(506) 388 - 8961
Renmark Financial Communications Inc.
John Bodiman: email@example.com
Peter Mahzari: firstname.lastname@example.org
Tel.: (514) 939-3989 or (416) 644-2020