| Cabo Drilling Corp. Announces a Change of Name and Engagement of SGC Canada Inc. | |
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NEW WESTMINSTER, BRITISH COLUMBIA--(Marketwired - Nov 14, 2014) - Cabo Drilling Corp. (TSX VENTURE:CBE) ("Cabo" or the "Company") announces that it is changing its name from 'Cabo Drilling Corp.' to 'Cabo Infrastructure Corp.', subject to shareholder approval at its annual general meeting on December 19, 2014, and has engaged SGC Canada Inc., a Toronto based merchant banking firm, as its exclusive financial advisor. Under the terms of the agreement, SGC Canada Inc. will assist and advise the Company on strategic acquisition opportunities and related financing and recapitalization options. "We are excited to leverage SGC's acquisition structuring, negotiation, and financing expertise in our quest to broaden Cabo's specialized services and better utilize our resources through strategic acquisitions," explains John A. Versfelt, President & CEO. "SGC has previously advised our Canadian operations and provided financing for our operations in Central America." David Holden, the Managing Director of SGC adds that, "Cabo management clearly understands the challenges it faces in its core business of servicing the mining sector for the foreseeable future. Cabo's strategy to widen its services into the infrastructure sector will allow the company to maximize its revenues from its current assets and customer relationships." About Cabo Drilling Corp. (TSX VENTURE:CBE) Cabo provides specialized services for mining customers that are located in selected global markets. Cabo currently has operations in 6 countries. Further information about Cabo can be found in the disclosure documents filed by Cabo with the securities regulatory authorities, which are available at www.sedar.com. |
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : CBE.V |
ISIN : CA12687C1086 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cabo Drilling is a silver and gold exploration company based in Canada. Cabo Drilling holds various exploration projects in Canada. Its main exploration properties are COBALT CLAIMS, ELECTRUM LAKE and LOBSTICK in Canada. Cabo Drilling is listed in Canada and in United States of America. Its market capitalisation is 711 633 as of today (US$ 522 338, € 460 702). Its stock quote reached its highest recent level on December 31, 1996 at 9.75, and its lowest recent point on October 04, 2018 at 0.01. Cabo Drilling has 47 442 200 shares outstanding. |