Trading Symbol: "EGD: TSX.V"
VANCOUVER, Feb. 27, 2017 /CNW/ - Energold Drilling
Corp. (EGD: TSX.V) ("Energold" or "the Company" or "Energold
Group") is pleased to announce that it has been named to the 2017
TSX Venture 50, a ranking of the top performers on the TSX Venture
Exchange over the last year.
Each year, the ranking showcases TSXV-listed companies that have
shown notable results in key measures of market performance.
The companies included in the 2017 TSX Venture 50 were selected
based on three equally weighted criteria: market capitalization
growth, share price appreciation and trading volume.
Frederick Davidson, President,
CEO, and Director of Energold, commented, "Being named to the TSX
Venture 50 once again is a testament to the outstanding work by our
employees around the world, further it is a sign that the market
has turned around for commodities and that our diversified business
has weathered the difficult downturns of the last few years.
I would like to congratulate all the other winners this year and we
hope to deliver even better performances in 2017 and beyond for our
shareholders and stakeholders."
Energold Drilling Corp. is a leading global specialty drilling
company that services the mining, energy, water, infrastructure,
green and manufacturing sectors in approximately 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 for metals, energy, geothermal and water in addition to
its established drill rig manufacturer, Dando.
On behalf of the Directors of Energold Drilling Corp.,
"Frederick W. Davidson"
President, CEO
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.
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 the satisfaction of the conditions
precedent to the completion of the proposed financing and the
intended use of proceeds. 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 inability of the Company, Extract and certain of the
Company's existing lenders to settle the terms and conditions of
the definitive financing documentation and other matters necessary
to satisfy the conditions precedent to the closing, 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. Consequently, there
can be no assurances that such statements will prove to be accurate
and actual results and future events could differ materially from
those anticipated in such statements. Except to the extent
required by applicable securities laws and the policies of the TSX
Venture Exchange, the Company undertakes no obligation to update
these forward-looking statements if management's beliefs, estimates
or opinions, or other factors, should change. The reader is
urged to refer to the Company's reports, publicly available through
the Canadian Securities Administrators' System for Electronic
Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more
complete discussion of such risk factors and their potential
effects.
SOURCE Energold Drilling Corp.