Orbit Garant Drilling provided an update with respect to its Management Information Circular and Proxy materials mailed to shareholders on Nov 7, 2022, in advance of the Company's Annual General Meeting of Shareholders to be held on Dec 1, 2022. The MIC and Proxy were also filed on SEDAR under the Orbit Garant profile on Nov 7, 2022. On Nov 14, 2022, Orbit Garant announced that Éric Alexandre and the Company had mutually [...]
Orbit Garant Drilling announced that Eric Alexandre is stepping down as President, Chief Executive Officer and Director of the Company, effective Nov 15, 2022. The Board of Directors and Eric Alexandre mutually agreed that a change of leadership was appropriate at this time. Eric Alexandre will provide assistance to the Company to ensure an orderly transition. Pierre Alexandre, Vice Chair of the Board of Directors, and a [...]
Orbit Garant Drilling Inc. will release its fiscal 2023 first quarter financial results after market close on Wednesday, November 9, 2022. Eric Alexandre, President and CEO, and Daniel Maheu, CFO, will host a conference call for analysts and investors on Thursday, November 10, 2022 at 10:00 a.m. . The dial-in numbers for the conference call are 416-764-8688 or 1-888-390-0546. A live webcast of the call will be available [...]
Orbit Garant Drilling Inc. today announced its financial results for the three-month period and fiscal year ended June 30, 2022. All dollar amounts are in Canadian dollars unless otherwise stated. Financial Highlights Three months ended June 30, 2022 Three months ended June 30, 2021 Year ended June 30, 2022 Year ended June 30, 2021 Revenue $53.8 $51.1 $195.5 $163.3 Gross Profit $6.9 $3.0 $13.7 $20.3 Gross Margin 12.8 5.9 [...]
Orbit Garant Drilling Inc. will release its fiscal 2022 fourth quarter and year-end financial results after market close on Tuesday, September 20, 2022. Eric Alexandre, President and CEO, and Daniel Maheu, CFO, will host a conference call for analysts and investors on Wednesday, September 21, 2022 at 10:00 a.m. The dial-in numbers for the conference call are 416-764-8688 or 1-888-390-0546. A live webcast of the call will [...]
Orbit Garant Drilling Inc. today announced its financial results for the three-month and nine-month periods ended March 31, 2022. All dollar amounts are in Canadian dollars unless otherwise stated. Q3 2022 Financial Highlights Three months ended March 31, 2022 Three months ended March 31, 2021 Nine months ended March 31, 2022 Nine months ended March 31, 2021 Revenue $45.2 $40.5 $141.6 $112.2 Gross Profit $0.3 $3.2 $6.8 [...]
Orbit Garant Drilling will release its fiscal 2022 third quarter financial results after market close on Wednesday, May 11, 2022. Eric Alexandre, President and CEO, and Daniel Maheu, CFO, will host a conference call for analysts and investors on Thursday, May 12, 2022 at 10:00 a.m. The dial-in numbers for the conference call are 416-764-8688 or 1-888-390-0546. A live webcast of the call will be available on Orbit Garant's [...]
Orbit Garant Drilling Inc. today announced its financial results for the three-month and six-month periods ended Dec 31, 2021. All dollar amounts are in Canadian dollars unless otherwise stated. Q2 2022 Financial Highlights Three months ended Decr 31, 2021 Three months ended December 31, 2020 Six months ended Dec 31, 2021 Six months ended Dec 31, 2020 Revenue $45.9 $36.1 $96.5 $71.7 Gross Profit $2.7 $5.4 $6.5 $14.1 Gross [...]
Orbit Garant Drilling will release its fiscal 2022 second quarter financial results after market close on Wednesday, February 9, 2022. Eric Alexandre, President and CEO, and Daniel Maheu, CFO, will host a conference call for analysts and investors on Thursday, February 10, 2022 at 10:00 a.m. The dial-in numbers for the conference call are 416-764-8688 or 1-888-390-0546. A live webcast of the call will be available on [...]
Orbit Garant Drilling Inc. today announced the results of voting at its annual and special meeting of shareholders held earlier today in Val-d'Or. All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as directors of the Company. Detailed results of the election are set out below: Director Nominees Éric Alexandre 25,417,436 298,000 98.84% 1.16% Pierre [...]
Orbit Garant Drilling Inc. today announced that it has reached an agreement with National Bank of Canada on certain amendments to its amended and restated credit agreement dated March 8, 2021. The amendments provide Orbit Garant with more favourable interest rates and extend the maturity date by two years, from November 2, 2022 to November 2, 2024. The Credit Facility consists of a $35.0 million revolving credit facility [...]
