Brief: Major Drilling Group International Inc.'s Statement On COVID-19

Major Drilling International

26/03/2020 12:51

March 26 (Reuters) - Major Drilling Group International Inc
 MDI.TO :
    * MAJOR DRILLING GROUP INTERNATIONAL INC.’S STATEMENT ON
COVID-19
    * MAJOR DRILLING GROUP INTERNATIONAL INC - AT THIS TIME,
PROJECTS
ARE BEING DELAYED OR DEFERRED
    * MAJOR DRILLING GROUP - FINANCIAL IMPLICATIONS OF COVID-19
YET TO
BE FULLY REALIZED BUT ACTIVITY LEVELS HAVE BEEN IMPACTED IN
VARIOUS COUNTRIES
    * MAJOR DRILLING GROUP INTERNATIONAL - DREW DOWN $20 MILLION
DOLLARS FROM ITS CREDIT FACILITY TO ENSURE ACCESS TO CASH IF
THERE IS A PROLONGED SLOWDOWN
    * MAJOR DRILLING GROUP - WELL POSITIONED FINANCIALLY TO
MAINTAIN
KEY STAFF, OPERATIONAL STRUCTURE TO MEET CUSTOMER DEMANDS ONCE
ACTIVITY LEVELS RESUME

Source text for Eikon:  ID:nGNX2ddTrl 
Further company coverage:  MDI.TO 

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