MONCTON, New Brunswick (October 21, 2011) – Major Drilling Group International Inc. (“Major
Drilling” or the “Corporation”) (TSX: MDI) is pleased to announce that it has received a notice from the
syndicate of underwriters led by TD Securities Inc. and including Scotia Capital Inc., CIBC World
Markets Inc., RBC Dominion Securities Inc., Beacon Securities Limited., Jennings Capital Inc. and
Salman Partners Inc. (the “Underwriters”), exercising the over-allotment option to purchase an
additional 885,000 common shares of the Corporation at a price of $11.90 per common share for
aggregate proceeds of $10,531,500 (the “Over-Allotment”). The over-allotment option was granted to
the Underwriters in connection with a previously announced offering of subscription receipts of the
Corporation which were exchanged for common shares on the closing of the acquisition of Bradley Group
Limited on September 30, 2011. Closing of the Over-Allotment is expected to occur on or about October
25, 2011.
About Major Drilling
Based in Moncton, New Brunswick, Major Drilling is one of the world’s largest metals and minerals
contract drilling service companies. To support its customers’ mining operations, mineral exploration and
environmental activities, Major Drilling maintains operations in Canada, the United States, South and
Central America, Australia, Asia and Africa.
This press release may contain forward looking information within the meaning of applicable securities
laws including, without limitation, those identified by the expressions “expect” “intend” and similar
expressions to the extent they relate to Major Drilling. Forward looking information is not historical fact
but reflects Major Drilling’s current expectations regarding future results or events. Forward looking
information is subject to a number of risks and uncertainties that could cause actual results or events to
differ materially from current expectations, including the timing of the closing, the closing of the Over-
Allotment, issue of the common shares, use of proceeds received from the Over-Allotment and general
economic and industry conditions. Although Major Drilling believes that the assumptions inherent in the
forward looking information are reasonable, forward looking information is not a guarantee of future
performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to
the inherent uncertainty therein. The forward looking information contained herein is expressly qualified
in its entirety by this cautionary statement. The forward looking information contained herein is made as
of the date of this press release, and the Corporation undertakes no obligation to publicly update such
forward looking information to reflect new information, subsequent or otherwise, unless required by
applicable securities laws.
All dollar values are quoted in Canadian dollars.
THIS NEWS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES
AND IS NOT AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES OF MAJOR DRILLING, NOR SHALL IT FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH ANY CONTRACT FOR PURCHASE OR SUBSCRIPTION. THE SECURITIES REFERRED TO IN THIS NEWS RELEASE WERE ONLY OFFERED IN CERTAIN PROVINCES OF CANADA BY MEANS OF PROSPECTUS. SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION UNDER THE U.S. SECURITIES ACT OR AN EXEMPTION FROM REGISTRATION THEREUNDER. THE SECURITIES REFERRED TO IN THIS NEWS RELEASE HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN APPLICABLE EXEMPTION THEREFROM.
For further information:
Denis Larocque, Chief Financial Officer
Tel: (506) 857-8636
Fax: (506) 857-9211
ir@majordrilling.com
Announcement of Exercise of over-allotment option (Press Release)
