Cabo Grants Stock Options
North Vancouver, BC - Cabo Drilling
Corp.'s (TSX-V: CBE) ("Cabo" or the "Company")
announces that it has, subject to regulatory acceptance, granted
2,700,000 incentive stock options to Directors, Employees and
Consultants under terms of its Stock Option Plan, granting the right to
purchase up to 1,350,000 common shares of the Company at $0.225 per
share and up to 1,350,000 commons shares at $0.25 per share.
About Cabo Drilling
Corp. (TSX-V: CBE)
Cabo Drilling Corp. is a drilling services company headquartered in
North Vancouver, British Columbia, Canada. The Company provides mining
related and specialty drilling services through its Canadian divisions
in Surrey, British Columbia; Montr�al, Quebec; Kirkland Lake, Ontario;
and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A.
de C.V. of Hermosillo, Mexico; Cabo Drilling (Panama) Corp. of Panama,
Republic of Panama; Cabo Drilling Spain S.L. of Sevilla, Spain; Balkan
States Drilling SH.P.K. of Tirana, Albania; Cabo Drilling (Ghana)
Limited of Accra, Ghana; and Cabo Drilling (International) Inc. The
Company's common shares trade on the Frankfurt Exchange under the
symbol: DHL and on the TSX Venture Exchange under the symbol: CBE.
ON BEHALF OF THE BOARD
"John
A. Versfelt"
John A. Versfelt
Chairman, President and CEO
Further
information about the Company can be found on the Cabo website (http://www.cabo.ca) and SEDAR
(www.sedar.com) or by contacting Investor Relations Mr. Garett Greene
or Mr. John A. Versfelt, Chairman, President & CEO of the Company
at 604-984-8894..
The
TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release. This news release may contain forward-looking
statements including but not limited to comments regarding the timing
and content of upcoming work programs, geological interpretations,
potential mineral recovery processes and other business transactions
timing. Forward-looking statements address future events and conditions
and therefore, involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated in such
statements.
Cabo
Drilling Corp. was recognized as a TSX Venture 50T company in 2008. TSX
Venture 50 is a trade-mark of TSX Inc. and is used under license. -
CONTACT:
John A. Versfelt,
Chairman,
President and CEO
web site: www.cabo.ca
Telephone: (604)
984-8894
Facsimile: (604) 983-8056
e-mail: ir@cabo.ca
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