̶ Mr. Alexandre remains Orbit
Garant's largest shareholder with approximately
21% equity interest
̶
VAL-D'OR, QC, March 21,
2025 /CNW/ - On March 19,
2025, 6705570 Canada Inc. ("670") a company owned and
controlled by Pierre Alexandre completed a series of
transactions through the facilities of the Toronto Stock Exchange
and various alternative trading systems pursuant to which 670 sold
an aggregate of 1,000,000 common shares (the "Shares") of
Orbit Garant Drilling Inc. (TSX: OGD) ("Orbit Garant" or the
"Company"). Mr. Alexandre is an Executive Vice President and
Director of Orbit Garant. 670 had previously filed a Notice
of Intention to Distribute Securities (Form 45-102F1) under the
Company's SEDAR+ profile at www.sedarplus.ca in respect of the sale
of up to 1,000,000 common shares of the Company representing 2.7%
of the issued and outstanding common shares of the Company.
The Shares were sold for personal financial planning purposes.
Prior to the sale of the Shares, Pierre
Alexandre beneficially owned and controlled 8,863,530 common
shares of the Company (including 8,729,675 common shares owned by
670) representing approximately 23.7% of the Company's outstanding
common shares. The Shares were sold at prices ranging from
$1.06 per Share to $1.19 per Share resulting in gross proceeds of
$1,082,221. Following the
sale, Mr. Alexandre remains the largest shareholder of Orbit
Garant, controlling 7,863,530 common shares, representing
approximately 21% of the Company's outstanding common shares. Mr.
Alexandre has no plans for further sales of common shares at this
time.
An early warning report has been filed by 670 under the
Company's SEDAR+ profile at www.sedarplus.ca.
For further information:
For further information, regarding the early warning report,
including a copy of same (which is available under Orbit Garant's
SEDAR profile at www.sedarplus.ca), please contact:
Daniel Maheu
President and Chief Executive Officer
(819) 824-2707 ext. 124
Bruce
Wigle
Investor
Relations
(647) 496-7856
Orbit Garant's head office is located at 3200 Jean-Jacques
Cossette Blvd., Val-D'Or, QC, J9P
6Y6
SOURCE 6705570 Canada Inc.
