2012-10-09 23:28:54 -
Montreal, Canada, October 9, 2012 - Blue Zen Memorial Parks Inc. ("Blue Zen" or the "Company") (CNSX: BZM), is pleased to provide its shareholders with this corporate update.
The Company and International Natural Resources Ltd. ("INR") continue to use their joint efforts to acquire a mining asset and raise sufficient capital to fund the proposed business of Blue Zen as a mineral exploration and development company. This process is ongoing. Subject to identifying the appropriate mining assets, the Company and INR have agreed to extend the date for completion of the Definitive Agreement for the Proposed Transaction referred to in the Company March 2012 news release to March 31, 2013. While the Company is working hard to complete the Proposed Transaction,
there can be no guarantee that such a transaction with INR will occur.
The Board of Directors has called a shareholder meeting to be held in Montreal on October 31, 2012.
There are 36,401,420 common shares of Blue Zen issued and outstanding.
Safe Harbor Statement
This news release contains statements that constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Blue Zen Memorial Parks Inc. Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Blue Zen will derive there from. Forward-looking information is based on the estimates and opinions of Blue Zen's management at the time the information is released and Blue Zen does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
For more information in China, contact:
Chief Financial Officer
Consulting CFO North America
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