Press release from CNW Group
Horizon North Logistics Inc. Announces New Camp Contract
Tuesday, July 30, 2013
Horizon North Logistics Inc. Announces New Camp Contract18:46 EDT Tuesday, July 30, 2013
TSX Symbol: HNL
CALGARY, July 30, 2013 /CNW/ - Horizon North Logistics Inc. ("the Corporation") announced today that it has entered into a contract to provide a 180 person, single room, private washroom style camp along with the associated catering and camp management services for the operator of a natural gas project located in north eastern British Columbia.
The initial contract term is for 24 months beginning in early 2014 with an option for the customer to extend for a further 24 months. Revenue over the initial term of the contract is expected to be $16.5 million with associated capital investment of $8 million included in Horizon's 2013 capital spending budget of $80 million.
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