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Article: Parkland Energy Services Inc. Announces the Termination of the Offer to Merge the Business and Assets of Blue Horizon Energy Inc and Their Affiliated Companies.
- Article from:
- Marketwire Canada
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RED DEER, ALBERTA, Nov 3, 2009 (Marketwire via COMTEX) -- Parkland Energy Services Inc. (TSX VENTURE:PKE) ("the Company" / "Parkland") announced today that further to its previous announcement of August 25, 2009, the Company has terminated the Letter of Intent ("the LOI") to merge the business and assets of Blue Horizon Energy Inc. and their affiliated companies. The merger was to have closed October 31, 2009. As Parkland has been unable to complete its due diligence on Blue Horizon it has decided to terminate the merger.
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