Blue Horizon divests mines to focus on biodiesel

February 15, 2012 |

In Canada, Blue Horizon Industries has sold its mining subsidiary to Cayenne Gold Mines in an all-stock deal worth $2.2 million that will help Blue Horizon reach its goal of becoming a pure-play biodiesel producer. Doing so will help it secure more funding for its operations rather than confusing investors with its complicated corporate structure.

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