CALGARY, June 28 /CNW/ - TSX Symbol: HNL
Horizon North Logistics Inc. ("Horizon" or the "Company") announced today that it has been awarded a project for a 650 person, 210 unit camp by a major operator in the oil sands region of northern Alberta. Total value of the camp sale project, which includes design, manufacture, transportation and site installation, is approximately $25 million.
Bob German, President and Chief Executive Officer of Horizon said "this second large project award in the last two months is continued evidence of the strong activity levels associated with oil sands development in Alberta and of Horizon's ability to service that demand. We anticipate that oil sands and other resource and infrastructure development projects in western Canada will result in continued high utilization levels of our manufacturing facilities for the foreseeable future."
Forward Looking Information
Certain statements contained in this Press Release, including statements related to activity levels in the oil sands and other regions of western Canada and utilization of manufacturing facilities relate to matters that are not historical facts and constitute "forward-looking information" within the meaning of Canadian securities legislation.
These statements are based on certain assumptions and analysis made by the Company in light of its experience, and its perception of expected future developments as well as other factors it believes are appropriate in the circumstances. However, whether actual results, performance or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results to differ materially from the Company's expectations. Consequently, all of the forward-looking information and statements made in this press release are qualified on the basis that these developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company or its business or operations.
SOURCE Horizon North Logistics Inc.
For further information: 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