Disclaimer
Trinidad Drilling Ltd. ("Trinidad") uses reasonable commercial efforts to ensure that the information contained on this web site is accurate but does not in any way guarantee the currency, accuracy, completeness, non-infringement or authenticity of such information. All information contained on this web site, including all stock price information, is provided for convenience and information purposes only and is not intended for trading, business, financial or other purposes. Your use of this site is in itself acceptance of the foregoing disclaimer.
News Releases
GET NEWS ALERTS BY EMAIL/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
TSX SYMBOL: TDG
CALGARY, June 1 /CNW/ - Trinidad Drilling Ltd. ("Trinidad" or the "Company") today announced changes to its Board of Directors with the retirement of Naveen Dargan and the appointment of Jim Brown and Brian Bentz.
"Naveen has played a meaningful part as a member of our Board of Directors over the past seven years, including providing his stewardship and guidance as Chairman of the Audit Committee. We have appreciated his direction and advice throughout a period of strong growth for Trinidad," said Michael Heier, Trinidad's Chairman of the Board. "We would like to thank him for his dedication and commitment to the Company and wish him all the best in the coming years."
Jim Brown and Brian Bentz join Trinidad's Board of Directors following the Company's annual meeting held on June 1st, 2011. The Company expects that Mr. Brown will replace Mr. Dargan as Chairman of the Audit Committee going forward. Mr. Brown is currently an independent businessman and a director of three additional public companies. He is a Chartered Accountant with extensive experience working in senior executive finance roles in the resources industry, most recently as Vice President and Chief Financial Officer of Fording Canadian Coal Trust and Elk Valley Coal Partnership from 2005 to 2009.
Mr. Bentz currently provides advisory services to AMEC plc and serves as an independent director. He is also a director on two additional public companies. Mr. Bentz has held various executive positions in the engineering and construction industry including President of AMEC Oilsands and Mining from 2006 to 2009. Mr. Bentz holds a chartered accountancy designation.
"We are pleased to have Jim and Brian join the Board and look forward to the valuable contribution their extensive financial knowledge and industry experience will add", said Mr. Heier.
Trinidad is a growth-oriented corporation that trades on the Toronto Stock Exchange under the symbol TDG. Trinidad's divisions operate in the drilling, well-servicing, coring and barge-drilling sectors of the North American oil and natural gas industry with operations in Canada, the United States and Mexico. Trinidad is focused on providing modern, reliable, expertly designed equipment operated by well-trained and experienced personnel. Trinidad's drilling fleet is one of the most adaptable, technologically advanced and competitive in the industry.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the shares in any jurisdiction. The shares offered will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States or to a United States person, absent registration, or an applicable exemption therefrom.