/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE U.S./
MONCTON, NB,
March 26, 2013 /CNW/ - Landdrill
International Inc. (the "Company") (TSXV: LDI) today announced that
it is issuing notice to CREDITORS and others in respect of
claims against current and former directors and officers
(collectively, the "Directors and Officers") of:
LANDDRILL INTERNATIONAL INC. (A BRITISH COLUMBIA CORPORATION),
LANDDRILL INTERNATIONAL LTD. (A NEW
BRUNSWICK CORPORATION),
LANDDRILL ATLANTIC LTD. (A NEW
BRUNSWICK CORPORATION),
LANDDRILL CONTRACT MINING LTD. (A NEW
BRUNSWICK CORPORATION),
LANDDRILL INTERNATIONAL MEXICO
S.A. DE C.V. (A MEXICAN CORPORATION),
LANDDRILL INTERNATIONAL LLC (A MONGOLIAN CORPORATION)
AND
LANDDRILL INTERNATIONAL INC. (A BARBADOS CORPORATION)
(collectively, the "Applicants")
In the matter of the companies' creditors
arrangement act, R.S.C. 1985, c. C-36, as amended notice of D&O
claims solicitation procedure and D&O claims bar date for
D&O claims against the directors and officers pursuant to the
companies' creditors arrangement act (the "CCAA")
PLEASE TAKE NOTICE that this notice is
being published pursuant to an order of the Honorable Chief
Justice Smith of the Court of
Queen's Bench of New Brunswick
(Trial Division), Judicial District of Moncton, dated March
20, 2013 (the "D&O Claims Solicitation Procedure
Order"). Capitalized terms not defined within this notice shall
have the meaning ascribed thereto in the D&O Claims
Solicitation Procedure Order.
Any person who believes that it has a claim
against a Director or Officer should send a D&O Proof of Claim
to Ernst & Young Inc., in its capacity as the Court-appointed
Monitor of the Applicants, to be received by 5:00 p.m. (Atlantic Daylight Savings Time) on
April 15, 2013 or such other later
date as may be ordered by the Court (the "D&O Claims Bar
Date").
D&O claims for which D&O proofs of
claim are not received by the D&O claims bar date will be
barred and extinguished forever.
Claimants who require a D&O Proof of Claim
form may obtain a copy of this form from the Monitor's website at
http://www.ey.com/ca/landdrill or may contact Ernst & Young
Inc., in its capacity as the Court-appointed Monitor of the
Applicants, (Attention: Ingo
Eckoldt, Telephone: (709) 570-8252, Fax: (709) 726-0345 and
email: ingo.eckoldt@ca.ey.com), to obtain a D&O Proof of Claim
form and Instruction Letter.
Claimants may file their D&O Proof of Claim
with the Monitor by mail, fax, email, courier or hand delivery, so
that the D&O Proof of Claim is actually received by the D&O
Claims Bar Date at the address below:
Address of Monitor:
Ernst & Young Inc.
In its capacity as Monitor of Landdrill International Inc. et
al.
11 Englehart Street, Dieppe, NB
E1A 7Y7
Attention: Ingo Eckoldt
Telephone: (709) 570-8252
Facsimile: (709) 726-0345
Email: ingo.eckoldt@ca.ey.com
Dated at Moncton, NB this 26th day
of March, 2013.
About Landdrill
Landdrill is a growth oriented international drilling company with
a focus on the metals and minerals industry. The Company continues
to explore opportunities for growth in key markets, either through
establishment of new branch offices or through acquisitions as
opportunities arise. The Company now has 22 drills with full branch
operations in Mexico and
Russia.
Forward-looking information
This press release may contain forward-looking statements
(within the meaning of applicable securities laws) relating to
business of Landdrill International Inc. (the "Company") and the
environment in which it operates. Forward-looking statements are
identified by words such as "believe", "anticipate", "expect",
"intend", "plan", "will", "may" and other similar expressions and
include statements in respect of the timing for completion of the
second tranche of the Offering. These statements are based on the
Company's expectations, estimates, forecasts and projections. They
are not guarantees of future performance and involve risks and
uncertainties that are difficult to control or predict. These risks
and uncertainties are discussed in the Company's regulatory filings
available at www.sedar.com.
There can be no assurance that
forward-looking statements will prove to be accurate as actual
outcomes and results may differ materially from those expressed in
these forward-looking statements. Readers, therefore, should not
place undue reliance on any such forward-looking statements.
Further, a forward-looking statement speaks only as of the date on
which such statement is made. The Company undertakes no obligation
to publicly update any such statement or to reflect new information
or the occurrence of future events or circumstances.
Neither the 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.
SOURCE LANDDRILL INTERNATIONAL INC.