Geodrill Ltd. announced today that the Toronto Stock Exchange has accepted its notice of intention to renew its normal course issuer bid to purchase outstanding ordinary shares of the Company on the open market in accordance with the rules of the TSX. Any such purchases will occur from time to time and in aggregate will be up to 2,250,820 Ordinary Shares over a 12-month period commencing on June 7, 2021 and terminating on [...]
Geodrill Ltd. announced the voting results of its Annual and Special Meeting of Shareholders held on May 12, 2021. The nominees listed in the management information circular dated April 12, 2021 were elected as directors of the Company at the Meeting. Detailed results of the vote are set out below: Director Outcome of Vote Yes No Abstain Dave Harper Carried 34,564,345 97.6% 0 0.00% 849,487 2.4% John Bingham Carried [...]
Geodrill Ltd. reported its financial results for the three month period ended March 31, 2021. All figures are reported in USD, unless otherwise indicated. Geodrill's financial statements are prepared in accordance with International Financial Reporting Standards. Financial Overview Q1-2021: Generated record revenue of $30.7M an increase of 70% compared to Q1-2020 and a 24% increase over the sequential quarter; Achieved [...]
Geodrill Ltd. announces the Company's Annual and Special Meeting of Shareholders will be held at the Company's office at Ragnall House, 18 Peel Road, Douglas, Isle of Man, IM1 4LZ on Wednesday, May 12, 2021, at 3:00 p.m. The Company will only conduct the formal legal business at the Meeting and provide access via a teleconference. The Company requests that shareholders vote in advance by voting on-line as noted on their [...]
Awalé Resources Ltd. is pleased to announce that it has entered into a binding Memorandum of Understanding with Geodrill Limited for a US$1 million drilling for equity program on Awalé's Odienné and Bondoukou gold projects in Côte d'Ivoire. This MoU covers a minimum of 10,000 meters of drilling for value US$1 million, commencing in April over the Company's two focus areas. Odienné Project - Resource definition and [...]
Geodrill Ltd. reported its financial results for the three and twelve months ended December 31, 2020. All figures are reported in USD, unless otherwise indicated. Geodrill's financial statements are prepared in accordance with International Financial Reporting Standards. Highlights for Q4-2020: Grew revenue to $24.7M representing an increase of $7.5M or 44% compared to Q4-2019; Achieved quarterly sequential revenue [...]
Geodrill Ltd. is pleased to announce today that the Board of Directors have declared a semi-annual dividend of CAD$0.01 per share. The first dividend is payable on April 9, 2021 to the shareholders of record at the close of business on March 26, 2021. This dividend does not qualify as an 'eligible dividend' for Canadian income tax purposes as the Company is incorporated in the Isle of Man. The declaration, timing, amount [...]
Geodrill Ltd. will release its financial results for the three and twelve month periods ended December 31, 2020, prior to the market open on Monday March 8, 2021. Following the release, management of the Company will host a conference call at 10:00 am EST to discuss the financial results. You can join the call by dialing 1 888 231 8191 or local 647 427 7450 Conference ID 5067017. An audio webcast of the conference call [...]
Geodrill Ltd. reported its financial results for the three and nine month periods ended September 30, 2020. All figures are reported in USD, unless otherwise indicated. Geodrill's financial statements are prepared in accordance with International Financial Reporting Standards. Financial and Operational Highlights for Q3-2020: Improved EBITDA margin to 24% compared to 22% in Q3-2019; Increased net income to $2.0M or $0.04 [...]
Geodrill Ltd. , a leading West African based drilling company, will release its financial results for the three and nine months ended September 30, 2020, prior to the market open on Thursday November 12, 2020. Following the release, management of the Company will host a conference call at 10:00 am EST to discuss the financial results. You can join the call by dialing 1 888 231 8191 or local 647 427 7450. A live audio [...]
Geodrill Ltd. , a leading West African based drilling company, reported its financial results for the three and six month periods ended June 30, 2020. All figures are reported in U.S. dollars , unless otherwise indicated. Geodrill's financial statements are prepared in accordance with International Financial Reporting Standards . Financial and Operational Highlights for Q2-2020: Improved EBITDA margin to 31% compared to [...]
Geodrill Ltd. , a leading West African based drilling company, will release its financial results for the three and six months ended June 30, 2020, prior to the market open on Wednesday August 12, 2020. Following the release, management of the Company will host a conference call at 10:00 am EDT to discuss the financial results. You can join the call by dialing 1 888 231 8191 or local 647 427 7450. A live audio webcast of [...]
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