Cabo acquires company. (Mining and Forestry: News).Vancouver's Cabo Mining Corp. has entered into an arms-length agreement to acquire 100 per cent of the issued and outstanding shares of Heath heath, tract of open land heath, tract of open land characterized by a few scattered trees, abundant moss cover, and numerous low shrubs, principally of the heath family (see heath, in botany). & Sherwood Drilling Inc., a Kirkland Lake Kirkland Lake, mining town, E Ont., Canada. An important gold-mining center, gold was discovered there in 1911 and again in the 1980s at Harker. The mining of iron ore and tourism are two other important industries. area company. The company, which operates a maintenance shop and warehouse, is active in gold camps in Timmins Timmins, town (1991 pop. 47,461), central Ont., Canada, on the Mattagami River. Timmins is the commercial center of the rich Porcupine gold-mining district, where gold was first discovered in 1909. Silver, copper, lead, and zinc are also mined. , Kirkland Lake and the Sudbury nickel belt
Nickel Belt is an informal nickname for the Sudbury region in Northern Ontario, because of the belt of nickel ore deposits found in the area. . Chief executive officer and managing director of Heath & Sherwood, Terry Aimone, will assume a position on Cabo's board of directors and senior management personnel will be retained when the agreement is closed. |
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