Vancouver’s Cabo Mining Enterprises is acquiring Thor Drilling Ltd. of Kenora.
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 John Versfelt in a news release statement.
Subject to TSX Venture Exchange approval and the conclusion of a formal acquisition agreement, Cabo will acquire a 100 per cent interest in Thor Drilling.