Cabo Drilling Corp. (TSXV:CBE) agreed to acquire WorldWide EnviroChem Corporation for CAD 0.50 million on December 10, 2014. Cabo Drilling will assumed debt of CAD 0.125 million and issue 14.9 million shares.

The transaction is subject to shareholder and regulatory approval. As on April 27, 2015, The TSX Venture Exchange has accepted for filing documentation relating to share exchange agreement. As of June 1, 2015, the transaction was approved by TSX Venture Exchange.

SGC Canada Inc. acted as financial advisor to Cabo.