Blue Zen Shareholder Update
Montreal, Quebec CANADA, August 12, 2013 /FSC/ - 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, 2014.
The major shareholders are continuing with their commitment to fund the working capital requirements of the Company.
Additionally, the Company's board of directors and management are reviewing options to bring more industry expertise into its governance structure as well as greater access to capital and operational resources. Details will be made available in a subsequent press release.
While the Company is optimistic that a suitable asset can be identified and is working hard to complete the Proposed Transaction, there can be no guarantee that such a transaction with INR will occur.
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, contact:
Robert Lupacchino
Consulting CFO North America
rlupacchino@stratacon.net
To view this press release as a PDF, please click on the following link:
http://www.usetdas.com/pr/bluezen08122013.pdf
Source: Blue Zen Memorial Parks Inc. (CNSX: BZM)
Maximum News Dissemination by FSCwire. http://www.fscwire.com