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Orbit Garant Drilling Provides Update on Filing of Its Fiscal 2020 Third Quarter Financial Results
Orbit Garant Drilling Provides Update on Filing of Its Fiscal 2020 Third Quarter Financial...
About this update from Orbit Garant Drilling Inc.
[{"type":"text","content":"\n\n\n\nOrbit Garant Drilling Provides Update on Filing of Its Fiscal 2020 Third Quarter Financial Results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVAL-D'OR, QC, May 13, 2020\n\n\n\nVAL-D'OR, QC, May 13, 2020 /CNW/ - Orbit Garant Drilling Inc. (TSX: OGD) (\"Orbit Garant\" or the \"Company\") today announced that the filing of its interim financial statements and associated management's discussion and analysis for the three and nine-month periods ended March 31, 2020 (the \"Q3 FY2020 Financial Results\") will be postponed.\nOn March 18, 2020, the Canadian Securities Administrators announced that they will provide issuers with a 45-day filing extension for filings required on or before June 1, 2020 as a result of the COVID-19 pandemic. Accordingly, pursuant to Decision No. 2020-PDG-0023 of the Autorité des marchés financiers (Québec), Orbit Garant will file the Q3 FY2020 Financial Results on or before June 30, 2020.\nBetween March 25, 2020 and April 15, 2020, mining activity in Québec was suspended as a result of the provincial government's order to minimize non-essential business activity in the province. Accordingly, Orbit Garant's drilling operations in Québec were suspended during this period. Mining activities on operating mines were permitted to resume in a gradual and supervised manner beginning on April 15, 2020. This enabled Orbit Garant's underground drilling operations to gradually resume only on producing mines in Québec. Orbit Garant's surface drill rigs and a significant number of its underground drill rigs in the province are designated on exploration projects. The Québec Government authorized the resumption of mineral exploration activities effective May 11, 2020. The Company is now gradually ramping up on its underground and surface drilling activities in the province, while undertaking the necessary health and safety protocols. \nOrbit Garant has remained active on most of its drilling projects in Nunavut Territory and in Ontario, while undertaking the necessary health and safety proto...