CHARLOTTETOWN – A resource exploration company from the U.K. is setting up its North American office on P.E.I. thanks to an incentive package from the province.
Adrok Ltd., of Edinburgh, Scotland, announced in a press release this morning that it will be expanding its investment into the Canadian mineral exploration market and setting up shop on the Island.
It credits its move here to a “sizeable incentive package” from Innovation P.E.I.
No details of exactly what those incentives are have been released yet, but Innovation P.E.I. has called for a press conference today at 1:30 p.m. in Charlottetown.
Adrok states that its new office here will employ six professionals who will be responsible for gathering and analyzing data and transmitting it back to the head office. There will also be a sales and marketing component to its office here.
The company itself was founded in 1997 when inventor Colin Stove and his son Gordon created the special technology it uses to find subterranean resources.
Their first commercial exploration was in Morocco in 2007.