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			CanElson Drilling Inc
			Symbol			CDI
			Shares Issued			26,100,001
			Close 2009-11-05			C$ 1.95
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CanElson signs asset purchase deal with Bronco Drilling

2009-11-12 09:48 ET - News Release

Mr. Elson McDougald reports

CANELSON DRILLING SIGNS ASSETS PURCHASE AGREEMENT TO PURCHASE DRILLING RIGS

Further to CanElson Drilling Inc.'s news release in Stockwatch Nov. 5, 2009, it has signed a definitive asset purchase agreement, as purchaser, with Bronco Drilling Services Ltd., a wholly owned subsidiary of Bronco Energy Ltd., for the purchase of a telescopic double rig, a single rig, and related contracts and equipment for cash proceeds of $6.5-million.

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This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

CanElson signs asset purchase deal with Bronco Drilling

The remainder is available to Stockwatch subscribers. If you would like to give the Stockwatch system a try, click here for a free 30 day trial subscription.

The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try, click here for a free 30 day trial subscription.