Entrec Corporation Grants Restricted Shares
January 02 2014 - 7:00AM
Marketwired
Entrec Corporation Grants Restricted Shares
SPRUCE GROVE, ALBERTA--(Marketwired - Jan 2, 2014) - ENTREC
Corporation (TSX-VENTURE:ENT) (the "Corporation" or "ENTREC")
advises that it has granted 1,368,504 restricted shares (the
"Restricted Shares") to its employees, officers and directors,
pursuant to the terms of ENTREC's Restricted Share Plan. 71,004 of
the Restricted Shares were granted to directors and 64,000 of the
Restricted Shares were granted to officers of the Corporation. With
the exception of Restricted Shares granted to non-employee
directors, which vest immediately upon grant, the Restricted Shares
vest at 20% per year over 5 years commencing January 1, 2015. All
of the Restricted Shares are due to expire on January 1, 2024.
"We are firm believers that employee ownership is critical to
our overall success," said John M. Stevens, ENTREC's President and
COO. "We differentiate ourselves from other companies in our
industry by allowing our key employees to become owners. Employee
ownership provides employees with a vested interest in ENTREC's
future and allows them to fully participate in the benefits of our
success."
Further details regarding the Restricted Share Plan can be found
in the information circular of the Corporation dated March 12, 2013
which can be found at www.sedar.com.
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.
Entrec CorporationRod MarlinChairman & CEO(780)
960-5647Entrec CorporationJohn M. StevensPresident & COO(780)
960-5625Entrec CorporationJason VandenbergCFO(780)
960-5630www.entrec.com
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