Cabo Drilling Corp.
TSX VENTURE : CBE

Cabo Drilling Corp.

November 14, 2014 15:51 ET

Cabo Drilling Corp. Announces a Change of Name and Engagement of SGC Canada Inc.

NEW WESTMINSTER, BRITISH COLUMBIA--(Marketwired - Nov. 14, 2014) - Cabo Drilling Corp. (TSX VENTURE:CBE) ("Cabo" or the "Company") announces that it is changing its name from 'Cabo Drilling Corp.' to 'Cabo Infrastructure Corp.', subject to shareholder approval at its annual general meeting on December 19, 2014, and has engaged SGC Canada Inc., a Toronto based merchant banking firm, as its exclusive financial advisor.

Under the terms of the agreement, SGC Canada Inc. will assist and advise the Company on strategic acquisition opportunities and related financing and recapitalization options.

"We are excited to leverage SGC's acquisition structuring, negotiation, and financing expertise in our quest to broaden Cabo's specialized services and better utilize our resources through strategic acquisitions," explains John A. Versfelt, President & CEO. "SGC has previously advised our Canadian operations and provided financing for our operations in Central America."

David Holden, the Managing Director of SGC adds that, "Cabo management clearly understands the challenges it faces in its core business of servicing the mining sector for the foreseeable future. Cabo's strategy to widen its services into the infrastructure sector will allow the company to maximize its revenues from its current assets and customer relationships."

About Cabo Drilling Corp. (TSX VENTURE:CBE)

Cabo provides specialized services for mining customers that are located in selected global markets. Cabo currently has operations in 6 countries. Further information about Cabo can be found in the disclosure documents filed by Cabo with the securities regulatory authorities, which are available at www.sedar.com.

About SGC Canada Inc.

SGC Canada is a private merchant banking firm which invests in publicly listed Canadian based companies that are, or can be, positioned for immediate financial growth. As an active shareholder, and 'financial partner', SGC's role is focused on the negotiation and financing of acquisition transactions and restructuring proposals to achieve accelerated revenue growth.

ON BEHALF OF THE BOARD

John A. Versfelt

Chairman, President and CEO

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.

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