Cabo to acquire Kenora's Thor Drilling.Vancouver's Cabo Mining Enterprises is acquiring Thor Thor (thôr), Germanic Donar (dō`när), Norse god of thunder. An ancient and highly revered divinity, Thor was the patron and protector of peasants and warriors. Drilling Ltd. of Kenora Kenora (kənô`rə), town (1991 pop. 9,782), W Ont., Canada, at the north end of the Lake of the Woods. There are fish-processing plants and lumber, flour, pulp, and paper mills in the town. . The exploration company signed a letter of intent Sept. 14. Cabo has acquired four companies in the past three months. "With the expected acquisition of Thor, Cabo adds capacity, expertise and an entry into Western Ontario enabling us to provid increased value to our customers," said Cabo CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. John Versfelt in a news release statement. Subject to TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. approval and the conclusion of a formal acquisition agreement, Cabo will acquire a 100 per cent interest in Thor Drilling. |
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