Grapevine

FORACO ANNOUNCES NORMAL COURSE ISSUER BID

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO and MARSEILLE, France, Sept. 27, 2024 /CNW/ - Foraco International SA FAR (the "Company" or "Foraco") today announced that the Toronto Stock Exchange (the "TSX") has accepted for filing the Company's Notice in respect of a normal course issuer bid (the "NCIB") to be transacted through the facilities of the TSX and/or through alternative trading systems.

The Company has engaged Desjardins Capital Markets ("Desjardins") to act as its agent to purchase Shares in connection with the NCIB ("Desjardins Engagement"). During the term of the Desjardins Engagement, the Company will not communicate any material undisclosed information to the trading staff at Desjardins, and accordingly Desjardins may make purchases regardless of whether a blackout period is in effect or whether there is material undisclosed information about the Company at the time purchases are made.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Foraco

Foraco International SA FAR is a leading global mineral drilling services company that provides a comprehensive and reliable service offering in mining and water projects. Supported by its founding values of integrity, innovation and involvement, Foraco has grown into the third largest global drilling enterprise with a presence in 21 countries across five continents. For more information about Foraco, visit www.foraco.com.

Caution concerning forward-looking statements

SOURCE Foraco International SA

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