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Orbit Garant Drilling Provides Update on Proxy Materials for Annual General Meeting of Shareholders

by pmnationtalk on November 18, 202266 Views

VAL-D’OR, QC, Nov. 18, 2022 – Orbit Garant Drilling Inc. (TSX: OGD) (“Orbit Garant” or the “Company”) today provided an update with respect to its Management Information Circular (“MIC”) and Proxy materials (the “Proxy”) mailed to shareholders on November 7, 2022, in advance of the Company’s Annual General Meeting of Shareholders (the “Meeting”) to be held on December 1, 2022. The MIC and Proxy were also filed on SEDAR under the Orbit Garant profile on November 7, 2022.

On November 14, 2022, Orbit Garant announced that Éric Alexandre and the Company had mutually agreed to effect a change in leadership and that Éric Alexandre would step down as President, CEO and Director of the Company effective November 15, 2022. As the MIC and Proxy were mailed and filed prior thereto, they contemplate the nominations of Éric Alexandre, Pierre Alexandre, Jean-Yves Laliberté, Pierre Rougeau and Nicole Veilleux for election as directors at the Meeting.

Given that Éric Alexandre has withdrawn his consent to be nominated for election as a director of the Company, he will not be nominated at the Meeting.  Accordingly, the remaining four directors named in the Company’s MIC and Proxy (Pierre Alexandre, Jean-Yves Laliberté, Pierre Rougeau and Nicole Veilleux) will be nominated for election to the Board. As Éric Alexandre will not be standing for election to the Board, any votes cast via Proxy for or against him will be disregarded.

It is expected that following the Meeting, the Corporate Governance and Compensation Committee of the board of directors will implement a process to identify an appropriate candidate to add to the board, which candidate may be added prior to the Company’s next Annual General Meeting of the Shareholders.

About Orbit Garant Drilling

Headquartered in Val-d’Or, Quebec, Orbit Garant is one of Canada’s largest drilling companies, providing underground and surface drilling services in Canada and internationally through its 217 drilling rigs and approximately 1,400 employees. Orbit Garant provides services to large, medium and junior mining companies at every stage of mineral exploration, development and production. The Company also provides geotechnical drilling services to mining and exploration companies, engineering and environmental consulting firms and government agencies. For more information, please visit

For further information:

Jean-Yves Laliberté, Chair of the Board of Directors, (819) 763-0267; Pierre Alexandre, Vice Chair of the Board of Directors, (819) 856 -9461


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