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ENT Entrec Corporation

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Share Name Share Symbol Market Type
Entrec Corporation TSXV:ENT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

ENTREC Announces Normal Course Issuer Bid for Its Shares

14/11/2013 11:00am

Marketwired Canada


ENTREC Corporation (TSX VENTURE:ENT) ("ENTREC" or the "Company"), a leading
provider of heavy lift and heavy haul services, announces that the TSX Venture
Exchange (the "Exchange") has accepted ENTREC's Notice of Intention to Make a
Normal Course Issuer Bid (the "Bid") to purchase for cancellation, from time to
time, as ENTREC considers advisable, its issued and outstanding common shares
(the "Shares"). 


There are 115,640,248 Shares issued and outstanding as at November 13, 2013 of
which 85,619,715 Shares are in the "public float" (as defined in the applicable
policies of the Exchange). Pursuant to the Bid, ENTREC intends to purchase for
cancellation up to a maximum of 8,561,671 Shares, being equal to 10% of ENTREC's
public float. Notwithstanding the foregoing, pursuant to the rules of the
Exchange, ENTREC may not purchase, when aggregated with the total of all other
purchases in the preceding thirty (30) days, whether through the facilities of
the Exchange or otherwise, more than 2% of the total issued and outstanding
Shares outstanding at the time the purchases are made. 


Purchases under the Bid will be made on the open market through the facilities
of the Exchange and other Canadian marketplaces. ENTREC has appointed National
Bank Financial Inc. as its broker, who will conduct the Bid on behalf of ENTREC.
The price that ENTREC will pay for any Shares purchased by it will be the
prevailing market price of the Shares on the Exchange and other Canadian
marketplaces at the time of such purchase. The actual number of Shares that may
be purchased under the Bid for cancellation and the timing of any such purchases
will be determined by ENTREC. 


The Bid will commence on November 20, 2013 and will terminate on November 19,
2014 or such earlier time as the Bid is completed or terminated at the option of
ENTREC. 


Management of ENTREC believes that, from time to time, the market price of the
Shares may not fully reflect their underlying value and that at such times the
purchase of Shares would be in the best interests of ENTREC. At times when the
market price does not fully reflect the value of the Shares, such purchases
would increase the proportionate interest of, and be advantageous to, all
remaining shareholders. 


ENTREC has not purchased any Shares during the previous 12 months.

About ENTREC

ENTREC is a leading provider of heavy lift and heavy haul services with
offerings encompassing crane services, heavy haul transportation, engineering,
logistics and support. ENTREC provides these services to the oil and natural
gas, construction, petrochemical, mining and power generation industries.
ENTREC's common shares trade on the TSX Venture Exchange under the trading
symbol "ENT". 


Neither the TSX Venture Exchange nor its regulation services provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
ENTREC Corporation
Rod Marlin
Chairman & CEO
(780) 960-5647


ENTREC Corporation
John M. Stevens
President & COO
(780) 960-5625


ENTREC Corporation
Jason Vandenberg
CFO
(780) 960-5630

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