Horizon North Logistics Inc. Announces Award of 1,250 Person Camp Construction Contract
TSX Symbol: HNL
CALGARY, April 30, 2014 /CNW/ - Horizon North Logistics Inc. ("Horizon" or "the Corporation") announced today that it has been awarded a contract for the sale of a new 1,250 person dormitory complex to a major operator in the Fort McMurray, Alberta oil sands region. Horizon will begin manufacturing the 432 unit project in late Q2 2014 with installation scheduled to be completed in Q2 2015. The project will utilize approximately 25% of Horizon's current annual manufacturing capacity.
"This contract helps provide visibility within our manufacturing facilities for 2014 and is evidence of ongoing strong demand in the Alberta oil sands market which continues to be a significant driver of Horizon's operations." noted Bob German, President and Chief Executive Officer.
Horizon is a remote resource development service company that provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. Horizon provides these services in support of oil sands development, oil and gas exploration, mining and infrastructure projects throughout Canada's western provinces and northern territories where local infrastructure does not meet project requirements.
Additional information related to the Corporation, including the Corporation's annual information form, press releases, financial statements and MD&A are available on SEDAR at www.sedar.com
SOURCE Horizon North Logistics Inc.For further information:
Bob German, President and Chief Executive Officer or Scott Matson, Vice President Finance and Chief Financial Officer, 1600, 505 - 3rd Street S.W., Calgary, Alberta T2P 3E6; Telephone (403) 517-4654, Fax: (403) 517-4678; website: www.horizonnorth.ca