Blue Horizon Industries Inc
CNSX : BH

Blue Horizon Industries Inc

November 07, 2013 14:50 ET

Blue Horizon Industries Delists and Disposes of Asset

RED DEER, ALBERTA--(Marketwired - Nov. 7, 2013) - Blue Horizon Industries Inc. ("Blue Horizon" or the "Corporation") (CNSX:BH) announces that on October 4th, 2013, Blue Horizon was voluntarily delisted from the Canadian National Stock Exchange ("CNSX"). As management of the Corporation felt there was no benefit to maintaining its listing on the CNSX while the Cease Trade Order ("CTO") is still in place, on October 4th, 2013, BHI was voluntarily delisted from the CNSX.

Due to the current difficult market conditions and challenges in the mining exploration industry, management of the Corporation's 74% owned subsidiary, Blue Horizon Mining Inc. ("BHM"), was of the belief that continuing to make substantial monthly payments to the owner of the Corporation's Vermillion Forks project and to continue to incur explorations expenses was not in the best interest of the shareholders. Therefore, BHM relinquished all right, title and interest to the Vermillion Forks project. As a result, BHM has no further interest in the East Bock claims and the East Property of Vermillion Forks.

About Blue Horizon Industries Inc.

Blue Horizon Industries Inc. is a diversified industrial company with a four-fold strategic focus. The Corporation operates through three subsidiary companies; Blue Horizon Energy Inc. - 100% owned ("Blue Horizon Energy"), Blue Horizon Bio-Diesel Inc. - 100% owned ("BH Bio-Diesel") and Blue Horizon Mining Inc. - 74% owned ("BH Mining"). Blue Horizon Contracting ("BH Contracting") and BH Energy are wholly-owned divisions of Blue Horizon Energy. BH Contracting is currently working with BH Bio-Diesel on the dismantling and re-erection of the demonstration plant while BH Energy is the Operator in exploration interests for oil and gas in Western Canada having participated in 3 test wells and one horizontal well in 2011. BH Bio-Diesel has an exclusive sub-license agreement to build green renewable-diesel plants in Canada.

Further information with respect to the Blue Horizon Group of Companies can be obtained by visiting: www.blue-horizon.ca.

Neither the Canadian National Stock Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian National Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Contact Information