CABO DRILLING CORP. ("CBE")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: October 3, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,200,000 common shares at a deemed value of $0.09 per share to settle outstanding debt for $108,000.
Number of Creditors: 6 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
John Versfelt Y $40,500 $0.09 450,000
The Company shall issue a news release when the shares are issued and the debt extinguished.
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