Foraco International SA announces changes to Board of Directors
TORONTO & MARSEILLE, France, June 6, 2013 /CNW/ - Foraco International SA (the "Company" or "Foraco"), a leading global provider of mineral drilling services, announced today changes to its Board of Directors. Gonzalo Van Wersch and Jean-Paul Camus, after three and six years respectively, have decided to leave the Board for personal reasons.
Mr. Camus was appointed to the Foraco Board during the company's IPO in August 2007 and Mr. Van Wersch joined the board in May of 2010 with the acquisition of Adviser.
"On behalf of the directors we wish to thank Mr. Camus and Mr. Van Wersch for their valuable contributions and dedication as directors of Foraco and we wish them the very best in their new projects" commented Daniel Simoncini, Chairman and CEO of Foraco.
Director and Co-CEO Jean-Pierre Charmensat added, "Over the years both directors have dedicated their time and efforts and helped guide the company's growth into a Global provider of drilling services. We are grateful for their past contributions to the leadership of Foraco."
The Foraco Board now consists of 5 directors who were elected at the May 22, 2013 General Meeting.
About Foraco International SA
Foraco International SA (TSX: FAR) is a leading global mineral drilling services company that provides a comprehensive and reliable service offering in mining and water projects. Supported by its founding values of integrity, innovation and involvement, Foraco has grown into the third largest global drilling enterprise with a presence in 23 countries across five continents. For more information about Foraco, visit www.foraco.com.
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Caution concerning forward-looking statements
This document may contain "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws. These statements and information include estimates, forecasts, information and statements as to Management's expectations with respect to, among other things, the future financial or operating performance of the Company and capital and operating expenditures. Often, but not always, forward-looking statements and information can be identified by the use of words such as "may", "will", "should", "plans", "expects", "intends", "anticipates", "believes", "budget", and "scheduled" or the negative thereof or variations thereon or similar terminology. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Readers are cautioned that any such forward-looking statements and information are not guarantees and there can be no assurance that such statements and information will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed under the heading "Risk Factors" in the Company's Annual Information Form dated April 2, 2013, which is filed with Canadian regulators on SEDAR (www.sedar.com). The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise. All written and oral forward-looking statements and information attributable to Foraco or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements.
SOURCE Foraco International SA