03:16:32 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



Orbit Garant Drilling Inc
Symbol OGD
Shares Issued 37,899,840
Close 2025-10-28 C$ 1.48
Market Cap C$ 56,091,763
Recent Sedar+ Documents

Orbit Garant arranges buyback

2025-10-28 23:32 ET - News Release

Mr. Pier-Luc Laplante reports

ORBIT GARANT ANNOUNCES NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted Orbit Garant Drilling Inc.'s notice of intention to make a normal course issuer bid (NCIB) to purchase outstanding common shares of Orbit Garant on the open market in accordance with the rules of the TSX. Pursuant to the NCIB program, Orbit Garant may purchase, from time to time, in aggregate up to 500,000 common shares (being approximately 1.3 per cent of the 37,899,840 issued and outstanding common shares of Orbit Garant as of Oct. 20, 2025) over a 12-month period commencing on Oct. 31, 2025, and terminating on Oct. 30, 2026.

Any repurchases under the NCIB program will be made in Canada through the facilities of the TSX and/or alternative Canadian trading systems. Orbit Garant will pay the prevailing market price at the time of purchase. The actual number of common shares repurchased under the NCIB program, and the timing of such repurchases will be at Orbit Garant's discretion and shall be subject to the limitations set out in the TSX company manual. Daily purchases on the TSX will be limited to 10,050 common shares, other than block purchase exceptions, representing 25 per cent of the average daily trading volume of the common shares on the TSX for the six-month period ending Sept. 30, 2025, being 40,203 common shares. The common shares repurchased by Orbit Garant will be cancelled. Management and the board of directors of Orbit Garant believe that the underlying value of Orbit Garant may not be reflected in the market price of the common shares from time to time, and that, accordingly, the purchase of common shares will increase the proportionate interest in Orbit Garant of, and be advantageous to, all remaining shareholders of Orbit Garant.

In connection with the NCIB program, Orbit Garant will establish an automatic securities purchase plan with its designated broker to facilitate the purchase of common shares under the NCIB program at times when the company would ordinarily not be permitted to purchase its common shares due to regulatory restrictions or self-imposed blackout periods. Under the plan, before entering a self-imposed blackout period, Orbit Garant may, but is not required to, ask the designated broker to make purchases under the NCIB program within specified parameters. Outside of the predetermined blackout periods, common shares may be purchased under the NCIB program based on the discretion of the company's management, in compliance with TSX rules and applicable securities laws. The company may elect to suspend or discontinue its NCIB program at any time. The NCIB program will be effective as of Oct. 31, 2025.

In the previous NCIB program that commenced Oct. 31, 2024, Orbit Garant sought and obtained approval from the TSX to purchase up to 1,868,637 of its common shares. Orbit Garant's prior NCIB program will expire on Oct. 30, 2025. The company has purchased 68,916 common shares pursuant to the prior NCIB program at a weighted average price of 82 cents per common share. The common shares were repurchased through the TSX and through alternative trading systems.

About Orbit Garant Drilling Inc.

Headquartered in Val d'Or, Que., Orbit Garant is one of the largest Canadian-based mineral drilling companies, providing both underground and surface drilling services in Canada and internationally through its 186 drill rigs and approximately 1,100 employees. Orbit Garant provides services to major, intermediate and junior mining companies, through each stage of mining exploration, development and production. The company also provides geotechnical drilling services to mining or mineral exploration companies, engineering and environmental consultant firms, and government agencies.

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