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Orbit Garant Drilling Inc.

10:22 AM EST - Orbit Garant Drilling Inc. : Announced that its operating subsidiary based in Ouagadougou, Burkina Faso, Forage Orbit Garant BF S.A.S. has acquired the drilling business of Projet Production International BF S.A., based in Burkina Faso, through an asset purchase agreement for a total purchase price of $6.4 million U.S. Through the Acquisition, Orbit Garant BF has added 13 surface drills, related support equipment, and existing customer contracts in Burkina Faso. Orbit Garant Drilling Inc. shares T.OGD are trading unchanged at $1.94.