May 13, 2008
Orbit Garant Drilling Inc. Announces Filing of Preliminary Prospectus for Initial Public Offering and Secondary Offering
TORONTO, ONTARIO--(Marketwire - May 13, 2008) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Orbit Garant Drilling Inc. ("Orbit Garant") today announced that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with the proposed initial public offering of common shares by Orbit Garant and a secondary offering by certain shareholders of Orbit Garant. The offering will be made through a syndicate of underwriters led by CIBC World Markets Inc.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Orbit Garant
Orbit Garant is one of the largest Canadian-based drilling companies, providing both underground and surface drilling services in Canada and internationally through its 116 drills and approximately 500 employees. Orbit Garant provides services to major, intermediate and junior mining companies, through each stage of mining exploration, development and production.
For more information, please contact:
Orbit Garant Drilling Inc.
President and Chief Operating Officer
819-824-2707 x 233