The Offering Issuer Orbit Garant Drilling Inc Selling Shareholders 6705570 Canada Inc 1684182 International 1684182 Ontario 96052 Canada Inc Monique Harvey Johann Duval Fiducie F amille Michel Mathieu P ascal Simard Daniel R oy R enaud Mercier R obert Brouillette Sylvain L aroche R aymond L eclerc and if the Over Allotment Option is exercised Bernard Alexandre Eric Alexandre Danielle Garneau and R onald Thibault T otal Offering T otal of 60000000 15000000 Offered Shares T reasury Offering 30020024 7505006 Offered Shares Secondary Offering 29979976 7494994 Offered Shares Overallotment Option The Selling Shareholders have granted to the Underwriters an overallotment option the Over Allotment Option exercisable for a period of 30 days from the Closing to purchase up to an additional 2250000 Offered Shares on the same terms as set out above solely to cover overallotments if any and for market stabilization purposes T o form part of the overallotment Common Shares must be sold to bona fide purchasers at the closing of the Offering If the Over Allotment Option is exercised in full the proceeds to the Selling Shareholders will be 9000000 The Company will not be responsible for the Underwriters fee in respect of such Offered Shares This prospectus qualifies the distribution of the Over Allotment Option and the distribution of the Offered Shares issuable upon exercise of that option See Plan of Distribution and Use of P roceeds Common Shares P rior to the Offering 24776536 Common Shares Outstanding Subsequent to the Offering 32281542 Common Shares Use of P roceeds Orbit Garant expects to receive up to 25110750 of net proceeds from the T reasury Offering after deducting its share of the Underwriters F ee the Companys proportionate share of an additional fee to be paid to one of the Underwriters and the expenses associated with completing the Offering Orbit Garant intends to use the net proceeds obtained through the T reasury Offering as set out in the following table Uses of P roceeds Amount R epayment of amounts outstanding under the Existing Credit Agreement 21895118 P ayment of working capital and other similar adjustments to the Orbit V endors and certain Garant shareholders pursuant to the Orbit Share Purchase Agreement 965632 P ayment of a purchase price adjustment to the Orbit V endors pursuant to the Orbit Share Purchase Agreement 2250000 While Orbit Garant intends to spend the net proceeds of the T reasury Offering as stated above there may be circumstances where for sound business reasons a reallocation of the proceeds may be necessary or advisable See Use of P roceeds and Description of Debt 10