Cabo Drilling Signs Alliance Agreement with Nunacor; Cabo Trading at Day Lows

By Midnight Trader,  June 20, 2012, 12:16:28 PM EDT

Cabo Drilling Corp. (CBE.V) and Nunacor announce the signing of an alliance agreement whereby the parties will work together to seek out opportunities with exploration and mining companies within the Labrador region.

The alliance agreement will facilitate the provision of exclusive drilling contract services by Cabo to the mining companies with which Nunacor and NCC have cooperation agreements, and with customers and business partners of Nunacor and NCC within the NunatuKavut territory.

CBE rose 5% to $0.105 but has hit day lows. Volume traded is over 8,000.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



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