Norex Drilling Acquisition

Major Drilling Group, a Canada-based SJE Group investment, has acquired all of the issued and outstanding shares of privately-held Norex Drilling Limited; a family-owned drilling company and a leading exploration drilling contractor based in Timmins, Ontario, Canada.

Major Drilling, which will retain Norex's management team, is gaining access to skilled and experienced drillers and personnel, and is taking over existing contracts. Through this purchase, Major Drilling will also acquire an additional 22 drill rigs, including 17 compatible specialized surface drill rigs and 5 underground drills, together with related support equipment and inventory.

The SJE Group congratulates Denis Larocque, President & Chief Executive Officer of Major Drilling, and the rest of the Executive teams of both organisations.

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