CBE Cabo Drilling Corp

Cabo Drilling Corp. (TSX VENTURE:CBE) ("Cabo Drilling" or the "Company")
announces that Roy T. Graydon and Peter A. Freeman were duly elected to the
Company's Board of Directors at the Company's Annual General Meeting of
Shareholders held on December 16, 2011. 


Mr. Graydon is an accomplished business executive with extensive and diverse
experience as both a public company CEO and CFO, and in corporate governance,
investing in public and private equity markets, and mergers and acquisitions.
Mr. Graydon will bring invaluable experience to all activities of Cabo Drilling
including the development and implementation of strategy, recruiting, training
and developing people; designing and implementing financial and governance
oversight; capital allocation acquisitions and divestitures; and, financial
reporting and disclosure. Mr. Graydon was formerly President, CEO and a director
of Aeroquest International Limited and in the past has also served on the boards
of Canadian public companies Patheon Inc., Call-Net Enterprises Inc., Cybersurf
Corp., and International Comfort Products Corporation. 


Mr. Freeman brings to the Company extensive experience in public markets,
finance and compliance. His experience includes six years as Director of Markets
and Compliance at the OFEX Market (now PLUS) where his work with the FSA, HM
Treasury and the European Commission allowed OFEX to develop from an
"unregulated trading facility operated by a stock exchange member firm" into a
regulated Exchange. In 2005, he joined Loeb Aron & Co as a director and head of
compliance and advisory services for their London based, mining corporate
finance house. In addition to advising companies on their fundraising and other
corporate activities, Mr. Freeman has been a director of two public companies
admitted to the AIM market, which both successfully completed financings (OFEX
Holdings plc and Capital Lease Aviation plc). 


"We are very pleased to announce these talented additions to our Board of
Directors," commented John A. Versfelt, President and CEO of the Company. "Roy
has invaluable managerial, financial and operational credentials gained at both
public and private companies where he has been an important contributor to their
growth, while Peter brings extensive experience relating to public markets,
finance and compliance. Such experience will prove crucial as we continue to
grow and further develop our markets. We look forward to their presence and
contribution to our Board." 


The following incumbent directors were re-elected to the Company's Board:

John A. Versfelt 

J. Terry Aimone 

Thomas G. Oliver 

Robert W. Schellenberg

Directors Mr. Greg Gerrie, Mr. Robin Preston and Mr. Peter Walton retired from
the Board and did not stand for re-election. We extend our sincere thanks to
them for their dedicated service on the Board.


The shareholders of the Company also approved the resolution to appoint Morgan &
Company, Chartered Accountants, as the Company's auditors for the ensuing year.


About Cabo Drilling Corp. (TSX VENTURE:CBE)

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; Montreal, 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.; 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 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.

Grafico Azioni Cabo Drilling (TSXV:CBE)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Cabo Drilling (TSXV:CBE)
Storico
Da Lug 2023 a Lug 2024