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| Home : Cabo Drilling Announces New $3 Million Equipment Loan Facility With GE Capital, Canada |
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Jul 13
2012 |
Cabo Drilling Announces New $3 Million Equipment Loan Facility With GE Capital, Canada |
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NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2012) - Cabo Drilling Corp. (TSX VENTURE:CBE) ("Cabo" or the "Company") announces that the Company has entered into a new $3 million equipment loan facility with GE Capital, Canada. The loan proceeds will be used to pay out approximately $1 million remaining under lending facilities with HSBC Canada, and to provide approximately $2 million of working capital. At this time, the Company is working through the process of establishing new relationships with banks to replace HSBC Canada. |
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| Source:http://www.marketwire.com/mw/release.do?id=1679578&sourceType=3 |
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