TORONTO, ON / MARSEILLE, France, April 16, 2012 /PRNewswire/ - Foraco
International SA (the "Company" or "Foraco"), a leading global
provider of mineral drilling services, held today its general
shareholders' meeting at 10 am in
Marseille (France).
The Shareholders' meeting of Foraco
International SA, voted at the required majority a dividend of
0.053 euros per common share to the
holders of common shares at the record date of April 19, 2012. The dividend will be paid
on May 15, 2012.
The Shareholders' meeting also approved the
acquisition of 51% of the share capital of the Brazilian company
WFS Sondagem Ltda ("Servitec") and the share capital increase of
the Company by issuance of 3,516,509 new shares reserved to
the Shareholders of Servitec.
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.
Caution concerning forward-looking
statements
This press release 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 March 31, 2010, 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 us
or persons acting on our behalf are expressly qualified in their
entirety by the foregoing cautionary statements.
SOURCE Foraco International S.A