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Horizon North Logistics Inc.

05:48 PM EST - Horizon North Logistics Inc. : announced today that it has entered into a three year contract for the provision of camp facilities to accommodate 368 people for the operator of a SAGD oil sands project near Fort McMurray, Alberta. Horizon will provide the customer a full turnkey service in exchange for a fixed monthly rental rate for the camp equipment plus a daily charge for each occupied room. The contract calls for a minimum daily charge for 230 occupied rooms. The camp facilities are scheduled to be occupied in July 2013 and the expenditure required to build and install the assets will be incurred by Horizon beginning in early 2013. Horizon North Logistics Inc.
shares T.HNL are trading down $0.01 at $6.82.