March 26, 2020 / 12:55 PM / 2 months ago

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

March 26 (Reuters) - Major Drilling Group International Inc :

* 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: Further company coverage:

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