TORONTO, March 13, 2012 /CNW/ - Geodrill Limited ("Geodrill" or "the Company") (GEO:TSX), a leading West African based drilling company, announced today that the Company has strengthened its Board of Directors with the appointment of Mr. Daniel Im, as an Independent Director to the Board of Directors.
"We welcome Daniel to the board and look forward to a long and productive engagement with him. The additional financial and advisory skills which he brings will benefit the Company as it progresses with its growth strategy," said John Bingham Chairman of Geodrill. "With Geodrill growing rapidly, both operationally and financially, it is important to continue increasing our corporate oversight by independent Directors. Daniel brings a wealth of knowledge in accounting and capital market transactions with experience in advising executive management and Boards of publicly listed companies."
Mr. Im who will serve on the board's Audit Committee, is a Chartered Accountant and a lawyer and currently the Chief Financial Officer of Adriana Resources. Prior to joining Adriana, Mr. Im worked as a securities lawyer at a major Toronto law firm after obtaining his law degree from Osgoode Hall Law School. Prior to law school, Mr. Im obtained his CA designation in 2003, while working at Deloitte & Touche LLP. Mr. Im earned his Master of Accounting and Honours Bachelor of Arts in Accounting from the University of Waterloo.
About Geodrill Limited
Geodrill Limited is a leading West African based drilling company currently operating in Ghana and Burkina Faso. Geodrill provides exploration and development drilling services to major, intermediate and junior mining companies with exploration and development operations in West Africa. The Company specializes in providing reverse circulation, diamond core and air-core drilling services using a modern fleet of drill rigs. The Company plans to grow organically and build its current client base while continuing to assess expansion opportunities throughout West Africa and other jurisdictions of Africa, to meet demand for its services and expertise.
Forward Looking Information
This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company, its subsidiaries, future growth, results of operations, performance, business prospects and opportunities (including completion of the contract discussed above). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimated", "forecasts", "intends", "anticipates" or "believes", or variations (including negative variations) of such words and phrases, or by the use of words or phrases that state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release including, without limitation those described in the Management's Discussion & Analysis for the year and quarter ended December 31, 2011 and the Company's Annual Information Form dated March 30, 2011 under the heading "Risk Factors". Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in such forward-looking statements, there may be other factors that may cause actions, events or results to differ from those anticipated, estimated or intended. Should one or more of these risks or uncertainties materialize or should assumptions underlying such forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this press release. The forward-looking information and forward-looking statements contained herein are made as of the date of this press release and the company disclaims any obligation to update or review such information or statements, whether as a result of new information, future events or results of otherwise, except as required by law.
For further information:
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