Cabo Drilling and Torngat Services announce the signing of an Alliance Agreement whereby the parties will work together to seek out contract drilling opportunities with exploration and mining companies within the Labrador region. Torngat is an Inuit Business, and has the rights to conduct business on the lands in the Nunatsiavut Territory in [...]
Cabo Drilling and Nunacor announce the signing of an Alliance Agreement whereby the parties will work together to seek out opportunities with exploration and mining companies within the Labrador region. Nunacor is the development corporation subsidiary of NunatuKavut Community Council ("NCC"), and is responsible for economic and business [...]
Cabo Drilling announces today that it has closed the first tranche of its non-brokered private placement of debenture units, raising gross proceeds of $2,705,000 which is part of a larger offering to raise a total of up to $5,000,000. The full Offering is anticipated to consist of 5,000 Units at a price of $1,000 per Unit for gross proceeds of [...]
"Cabo Drilling generated record revenues for the first nine months of fiscal 2012 of $45.34 million. This represents a 49% increase over the $30.40 million recorded in the comparable period in fiscal 2011. The Company has exceeded the $43.22 million reported for all of fiscal 2011, by the end of the third quarter of fiscal 2012." stated Mr [...]
Cabo reports record results for its fiscal year 2012 second quarter ended December 31, 2011. The Company reports: Record increased quarterly revenue for the 2nd quarter fiscal 2012 of $14.36 million, a 36% improvement compared to $10.58 million in the 2nd quarter fiscal 2011. 2nd quarter fiscal 2012 earnings before interest, taxes, amortization [...]
Cabo announced today that it has closed a private placement of $1,994,666.67 of secured subordinate debentures of the Company. The Debentures were sold at a price of approximately $882 per $1,000 of the Principal Amount of each Debenture raising aggregate proceeds of $1,760,000. The Principal Amount of the Debentures includes 13.33% interest on [...]
Cabo announces that BerAlb Sh A, part of the Ekin Maden Group located in Istanbul, Turkey, has awarded Cabo Drilling Corp., Albania Branch, located in Tirana, Albania, a 3,500 meter surface drilling contract at its Karma Mine Project. The objective of BerAlb Sh A's drilling program is to delineate ore reserves to reactivate the underground mine at [...]
Cabo Drilling Corp. announces that BerAlb Sh A, part of the Ekin Maden Group located in Istanbul, Turkey, has awarded Cabo Drilling Corp., Albania Branch, located in Tirana, Albania, their 2012 Phase II underground drilling program contracts for BerAlb's Munella Mine and Lac Rosh Mine, which are located in the northeastern Albania mountain region [...]
Cabo Drilling announces that Roy T. Graydon and Peter A. Freeman were duly elected to the Company's Board of Directors at the Company's Annual General Meeting of Shareholders held on December 16, 2011. Mr. Graydon is an accomplished business executive with extensive and diverse experience as both a public company CEO and CFO, and in corporate [...]
Cabo Drilling reports results for its fiscal year 2012 first quarter ended September 30, 2011. The Company reports: Record quarterly revenue for the 1st quarter fiscal 2012 of $16.93 million, a 65% improvement compared to $10.27 million in the 1st quarter fiscal 2011. Record 1st quarter fiscal 2012 earnings before interest, taxes, amortization [...]
Cabo Drilling announces the retirement of three Board members. Mr. Greg Gerrie, Mr. Robin Preston and Mr. Peter Walton have retired from the Company's Board of Directors, effective this month, and will not stand for re-election at the 2011 Annual General Meeting of Shareholders on December 16, 2011. Mr. Gerrie and Mr. Preston joined the Cabo Board [...]
Cabo announces that Cabo Drilling (Pacific) Corp. has been awarded a 35,000 meter drill contract by Goldcorp Canada Ltd. at its Musselwhite Mine located on the southern shore of Opapimiskan Lake in northwestern Ontario, Canada. The Musslewhite Mine is located approximately 480 kilometres north of Thunder Bay. The nearest town to the mine is Pickle [...]
