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Share Name | Share Symbol | Market | Type |
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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 | |
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0.00 | 0.00% | 0 | - |
- Entrec Transportation Services Ltd. ("ENTREC")(TSX VENTURE:ENT) is pleased to announce it has completed the previously announced acquisition of the business and assets of Jay Reid Trucking Ltd. ("Jay Reid Trucking"). Jay Reid Trucking is based in Bonnyville, Alberta and specializes in the transportation of over-sized and overweight equipment within the oil and gas and construction industries. Jay Reid Trucking's fleet, which consists of 14 trucks and trailers, including low boys, high boys and winch trucks, will be integrated into ENTREC's existing Bonnyville division.
The aggregate purchase price paid on closing was $1.47 million and was paid through a combination of: (i) the issuance of 422,223 common shares of ENTREC issued at a deemed price of $1.35 per share; and (ii) the remainder in cash.
About ENTREC
ENTREC specializes in the transportation and rigging of overweight and oversized cargo for the oil and gas, construction, petrochemical, mining and power generation industries. The common shares of ENTREC 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.
Contacts: Entrec Transportation Services Ltd. Rod Marlin Chairman & CEO (780) 960-5647 Entrec Transportation Services Ltd. John M. Stevens President & COO (780) 960-5625 Entrec Transportation Services Ltd. Jason Vandenberg CFO (780) 960-5630
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