11:44 AM EST - Cabo Drilling Corp. : announced that it has entered into an agreement to acquire 100% of WorldWide EnviroChem Corporation, for total consideration of $870,000. The Company will assume an existing debt owing in the amount of $125,000 and deliver 14,900,000 Cabo shares to NorthStar Capital Corporation at a deemed value of $0.05 per share, subject to TSX Venture Exchange approval. Cabo Drilling Corp.
shares V.CBE are trading unchanged at $0.03.
