CBE.V - Cabo Drilling Corp.

YHD - YHD Delayed Price. Currency in USD
+0.02 (+0.00%)
At close: 6:07PM EDT
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  • GlobeNewswire

    Cabo Drilling Corp. Announces Transaction With Phoenix Capital Enterprises Ltd.

    Cabo Drilling Corp. (CBE.V) (the “Company” or “Cabo”) is pleased to announce that it has entered into a share purchase agreement (the “RTO Transaction Agreement”) dated as of October 27, 2018, with Phoenix Capital Enterprises Ltd. (“Phoenix”), pursuant to which Cabo will effect a business combination and reverse takeover transaction that will result in, among other things, Cabo acquiring all of the issued and outstanding common shares of Tengri Resources Pte. Ltd. (“Tengri Resources Pte”), a corporation incorporated under the laws of Singapore, in exchange for cash and newly issued common shares of Cabo (the “RTO Transaction”). Phoenix is a corporation incorporated under the laws of the British Virgin Islands and controlled by Messr.

  • CNW Group

    IIROC Trading Halt - CBE

    IIROC Trading Halt - CBE

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