December 21, 1988 (34th Parliament, 1st Session)

Mr. Guy St-Julien (Abitibi):

Mr. Speaker, Val-d'Or's Societe Espalau is investing in the United States and, through Forage Moderne, it has just opened a new American branch plant which will operate under the name of Modern International Inc. This company will be carrying out exploratory drilling in the United States, mainly in Nevada. It expects to begin work as early as February 1989.
Seventy per cent of Modern International shares will be held by the firm Forage Moderne of Val-d'Or. Through this investment it will gain access to a new market in a region where mining exploration is at its peak.
That, Mr. Speaker, is the kind of initiative taken by far-sighted Abitibi businessmen in the context of free trade.