MONCTON, NB, May 13 /CNW/ - Landdrill International Inc. (TSXV: LDI) regrets to announce the resignation of its Lead Director, Mr. Grant
Stonehouse, from the Company's Board of Directors. The Company will
announce a new Lead Director following its next Board of Directors
meeting on May 27, 2011.
Ron Goguen Sr., the President and CEO of Landdrill said, "Grant Stonehouse has served on the Landdrill Board of Directors with
distinction since May 2007. We would very much like to thank Grant for
his valuable contribution, counsel and efforts to our Board over the
last 4 years. We wish him every success in his endeavours."
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: firstname.lastname@example.org
Peter Mahzari: email@example.com
Tel.: (514) 939-3989 or (416) 644-2020