Cabo Drilling Corp.
TSX VENTURE : CBE

Cabo Drilling Corp.

May 19, 2011 09:01 ET

Cabo Drilling Corp.: Special Shareholders' Meeting Called for June 20, 2011

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2011) - Cabo Drilling Corp. (TSX VENTURE:CBE) ("Cabo" or the "Company") announces that a special meeting of the Company's shareholders has been scheduled for June 20, 2011 for the purpose of approving, among other things, the increase of the Company's authorized share capital from 100,000,000 common shares without par value, to an unlimited number of common shares.

About Cabo Drilling Corp.

Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montréal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling (Nevada) Inc. of the United States; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; Cabo Drilling Panama-Pacifico Corp. of Panama, Republic of Panama doing business as Cabo Drilling Colombia Corp.; Cabo Drilling Spain S.L. of Sevilla, Spain; Balkan States Drilling SH.P.K. of Tirana, Albania; and Cabo Drilling (International) Inc. The Company's common shares trade on the Frankfurt Exchange under the symbol: DHL and on the TSX Venture Exchange under the symbol: CBE.

ON BEHALF OF THE BOARD

John A. Versfelt, Chairman, President and CEO

Further information about the Company can be found on the Cabo website (http://www.cabo.ca) and SEDAR (www.sedar.com).

This news release may contain forward-looking statements. 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. In particular, there is no assurance shareholders will approve the alteration to the Company's authorized share capital in the manner outlined above, or at all.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Cabo Drilling Corp.
    Sheri Barton
    Corporate Communications
    403-217-5830

    Cabo Drilling Corp.
    Mr. John A. Versfelt
    Chairman, President & CEO
    604-984-8894
    (604) 983-8056 (FAX)
    ir@cabo.ca
    www.cabo.ca

    For general investor relation inquiries:
    Renmark Financial Communications Inc.
    Barbara Komorowski
    514-939-3989
    bkomorowski@renmarkfinancial.com

    Renmark Financial Communications Inc.
    Dan Symons
    416-644-2020
    dsymons@renmarkfinancial.com