Mar. 11, 2011 (Canada NewsWire Group) --
TORONTO, March 11 /CNW/ - Geodrill Limited (Geodrill or the Company") (GEO:TSX), a leading West African drilling company is pleased to announce that the Company will open the market today at Toronto Stock Exchange. David Harper, President and Chief Executive Officer, along with other Company representatives and guests, will be present for the ceremony.
"With the steady demand for mineral drilling services in West Africa, Geodrill has the opportunity to capitalize on this strong commodities market," said David Harper, President and CEO of Geodrill Limited. "We have an aggressive development strategy to expand our fleet of drill rigs, which will allow us to further establish our company as the leading drilling service provider in West Africa."
The ceremony will take place at the TMX Broadcast Centre in Toronto. David Harper will open the market at 9:30 A.M. EST and will be available for interviews following the ceremony.
About Geodrill
Geodrill Limited is a leading West African based drilling company currently operating in Ghana and Burkina Faso. Geodrill provides exploration and development drilling services to major, intermediate and junior mining companies with exploration and development operations in West Africa. The Company specializes in providing reverse circulation, diamond core and air-core drilling services using a modern fleet of drill rigs. The Company plans to grow organically and build its current client base while continuing to assess expansion opportunities throughout West Africa and other jurisdictions of Africa, to meet demand for its services and expertise.
Forward Looking Information
This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company, its subsidiaries, future growth, results of operations, performance, business prospects and opportunities. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations (including negative variations) of such words and phrases, or by the use of words or phrases that state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release including, without limitation those described in the preliminary prospectus under the heading "Risk Factors". Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in such forward-looking statements, there may be other factors that may cause actions, events or results to differ from those anticipated, estimated or intended. Should one or more of these risks or uncertainties materialize or should assumptions underlying such forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this press release. The forward-looking information and forward-looking statements contained herein are made as of the date of this press release and the company disclaims any obligation to update or review such information or statements, whether as a result of new information, future events or results of otherwise, except as required by law.
Joanna Longo
1 (416) 238 1414 ext 233
jlongo@terrepartners.com