Mr. Daniel Maheu reports
PIERRE ALEXANDRE COMPLETES SALE OF SHARES OF ORBIT GARANT DRILLING INC.
On March 19, 2025, 6705570 Canada Inc., 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 one million common shares of Orbit Garant Drilling Inc. 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 in respect of the sale of up to one million common shares of the company, representing 2.7 per cent 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, Mr. 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 per cent 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 per cent 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.
For further information regarding the early warning report, including a copy of same (which is available under Orbit Garant's SEDAR+ profile), please contact:
Daniel Maheu, president and chief executive officer, at 819-824-2707, extension 124.
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