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Foraco International SA acquires Adviser Drilling

Fasken
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Client

Foraco International SA

On May 27, 2010, Foraco International SA, a leading global provider of diversified drilling services for mining, energy, water and infrastructure projects, announced that it had completed the acquisition of all of the outstanding shares of Adviser Drilling SA previously announced on March 9, 2010. The acquisition was overwhelmingly approved by the shareholders of Foraco at a meeting of its shareholders held on May 18, 2010.Adviser provides diamond and reverse circulation drilling services for mining companies in Chile, Argentina, Mexico and Peru.Foraco was advised in this transaction by Fasken Martineau with a team that included Josh Lewis, Georald Ingborg and Steve Saville.

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