Trading Symbol: "EGD: TSX.V"
VANCOUVER, March 29, 2018 /CNW/ - Energold Drilling Corp.
(EGD: TSX.V) ("Energold" or "the Company" or "Energold Group"), a
leading worldwide drilling operator and manufacturer, is pleased to
announce that it has recently been awarded $9 million in new infrastructure drilling
contracts in Canada with clientele
including all branches of government as well as private
contractors. This news is in addition to the recently announced
$10 million worth of green energy
contracts in the United
States.
Management's focus has been to deploy unused capacity in
seasonally, slower months to other drilling markets. In doing so,
the Company has carved out a strong niche across Canada where there is strong provincial and
federal support for infrastructure spending. These contracts
involve near-term start-up dates with work to be completed over the
remainder of the second quarter and continuing into the third
quarter. Some of this equipment will return to the oil patch in the
fourth quarter for the Q1 winter drilling season.
"We are pleased to announce these additional contracts in our
developing Canadian infrastructure market. Our specialized
equipment is ideal to meet the needs of new government spending
across Canada, as well as
globally. We continue to bid on additional projects across the
Americas and will continue to update the market accordingly."
said Fred Davidson, Energold
President & CEO.
About Energold Drilling Corp.
Energold Drilling Corp. is a leading global specialty drilling
company that services the mining, energy, infrastructure,
geothermal, water and manufacturing sectors in 25 countries.
Specializing in a socially and environmentally sensitive approach
to drilling, Energold provides a comprehensive range of drilling
services from early stage exploration to onsite operations as well
as manufacturing.
On behalf of the Directors of Energold Drilling Corp.,
"Frederick W. Davidson"
President, CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking and Cautionary Statements
Some statements in this news release contain forward-looking
information. These statements include, but are not limited to,
statements with respect to proposed activities, work programs and
future expenditures. These statements address future events and
conditions and, as such, involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the statements. Such factors include, among others, the effects of
general economic conditions, a reduction in the demand for the
Company's drilling services, the price of commodities, changing
foreign exchange rates, actions by government authorities, the
failure to find economically viable acquisition targets, title
matters, environmental matters, reliance on key personnel, the
ability for operational and other reasons to complete proposed
activities and work programs, the need for additional financing and
the timing and amount of expenditures. Energold Drilling Corp. does
not assume the obligation to update any forward-looking
statement.
SOURCE Energold Drilling Group