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| Home : Cabo Increases Private Placement to $2.525 Million |
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Mar 15
2011 |
Cabo Increases Private Placement to $2.525 Million |
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NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 2011) - Cabo Drilling Corp. (the "Company") (TSX VENTURE:CBE) announces it has increased its recently announced private placement from $1.5 million announced February 16, 2011, to $2.525 million. The fully subscribed placement was offered to accredited investors in Canada and internationally. The Company will pay a finder's fee comprised of cash and broker unit warrants on a portion of the placement. Each $0.20 unit is comprised of one (1) common share and one half (½) non-transferable share purchase warrant, each full warrant entitling the holder to purchase an additional common share in the capital stock of the Company for $0.25 for a period of two years from the date of issue. |
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| Source:http://www.marketwire.com/mw/release.do?id=1411179&sourceType=3 |
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