Horizon North Logistics Inc. Announces New Contracts

About this update from Dexterra Group, Inc.

[{"type":"text","content":"\n\n\n\n\n\nTSX Symbol: HNL\n\n\nCALGARY, Dec. 4, 2012 /CNW/ - Horizon North Logistics Inc.  (\"Horizon\")\n announced today that it has entered into a three year contract for the\n provision of camp facilities to accommodate 368 people for the operator\n of a SAGD oil sands project near Fort McMurray, Alberta.  Horizon will\n provide the customer a full turnkey service in exchange for a fixed\n monthly rental rate for the camp equipment plus a daily charge for each\n occupied room.  The contract calls for a minimum daily charge for 230\n occupied rooms.  The camp facilities are scheduled to be occupied in\n July 2013 and the expenditure required to build and install the assets\n will be incurred by Horizon beginning in early 2013.\n\n\nIn addition, Horizon announces that it has recently entered into a\n contract for the sale of a new 300 person camp including accommodation,\n office and recreation facilities to a mining operator in northwestern\n British Columbia.  Total value of the project, which includes design,\n manufacture, transportation and site installation, is approximately\n $10.5 million.  Horizon will begin manufacturing the 90 unit project in\n Q4 2012 with installation scheduled to be complete in mid 2013.\n\n\nCorporate Information\nAdditional information related to the Corporation, including the\n Corporation's annual information form, press releases, financial\n statements, and MD&A are available on SEDAR at www.sedar.com.\n\n\nForward-Looking StatementsCertain statements contained in this news release may constitute\n forward-looking statements or information.  All statements other than\n statements of historical fact contained in this news release may be\n forward-looking statements or information.  In particular,\n forward-looking information includes the statements \"The camp\n facilities are scheduled to be occupied in July 2013 and the\n expenditure required to build and install the assets will be incurred\n by Horizon beginning in early 2013.\" and \"Horizon will begin\n manufacturing the 90 unit project in Q4 2012 with installation\n scheduled to be complete in mid-2013.\"  These statements assume\n completion of these facilities by those projected dates.  There is a\n risk that such targets may not be met.  As such, many factors could\n cause ...

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