MONCTON, NB, June 11 /CNW/ - Major Drilling Group International Inc. (TSX: MDI) is pleased to announce that Standard & Poor's Canadian Index Operation is adding Major Drilling to the S&P/TSX Composite Index, effective at the open of the TSX on Monday, June 18, 2007.
"We are very pleased to become the only company headquartered in New Brunswick included on the S&P/TSX Composite index and we believe this will increase Major Drilling's visibility and liquidity for the benefit of our shareholders," said Francis McGuire, President and CEO of Major Drilling.
The Company will be releasing its fourth quarter and year-end results tomorrow, Tuesday June 12, 2007 followed by a webcast/conference call at 9:00am EDT.
Some of the statements contained in this press release may be forward-looking statements, such as estimates and statements that describe or are with respect to the future price of minerals and metals, the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition to exist or occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements by reason of factors such as, but not limited to, the factors set out in the discussion starting on pages 20 to 23 of the 2006 Annual Report entitled "General Risks and Uncertainties", as augmented by the section entitled "General Risks and Uncertainties" in the discussion of the Company's second and third quarter MD&A, each as filed with the Canadian Securities Commission (available on SEDAR at www.sedar.com). All such factors should be considered carefully when making decisions with respect to the Company. The Company does not undertake to update any forward-looking statements, including those statements that are incorporated by reference herein, whether written or oral, that may be made from time to time by or on its behalf, except in accordance with applicable securities laws.
Based in Moncton, New Brunswick, Major Drilling Group International Inc. is one of the world's largest metals and minerals contract drilling service companies. To support its customers' mining operations and mineral exploration activities, Major Drilling maintains operations in Canada, the United States, Mexico, South and Central America, Australia, Indonesia, Africa and Mongolia.