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Cabo Drilling Executes JV Agreement With Naicatchewenin Development Corp

Cabo Drilling Corp. (CBE.V) and Naicatchewenin Development Corporation (NDC) have announced the signing of a Joint Venture Agreement whereby the parties will work together to seek out drilling service contracts with exploration and mining companies throughout the Province of Ontario.

NDC is a corporation set up by the Chief and Council of Naicatchewenin First Nation for the purpose of exploring economic opportunities that benefit the Naicatchewenin membership, together with other First Nations in Ontario.

Shares are near a yr low in early trade.

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

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