ENT. Entrec

ENTREC Corporation Completes Sale of Surplus Equipment

ENTREC Corporation Completes Sale of Surplus Equipment

ACHESON, Alberta, May 08, 2020 (GLOBE NEWSWIRE) -- ENTREC Corporation (“ENTREC” or the “Company”) announced today that it has completed the sale of surplus equipment to Ritchie Bros. Auctioneers (Canada) Ltd. The total proceeds from the sale was $17.7 million. The majority of the surplus equipment sold was associated with the Company’s Acheson location, which was closed in March 2020. The proceeds from the sale were utilized to reduce long-term debt.

About ENTREC

ENTREC is a heavy haul transportation and crane solutions provider to the oil and natural gas, construction, petrochemical, mining and power generation industries. ENTREC is listed on the Toronto Stock Exchange under the symbol ENT.

For further information, please contact: 

John M. Stevens - President & CEO

Telephone: (780) 960-5625

Jason Vandenberg – CFO

Telephone: (780) 960-5630

EN
08/05/2020

Underlying

ENT.Entrec

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Entrec

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
EUR 45.52
M04 MGM China Holdi...
WEB WEBJET LIMITED ... (+16)

Vermilion Int'l Compass: Global Equity Strategy

Small-Caps & Reopening Stocks Remain In Focus Major global indexes (MSCI ACWI, ACWI ex-US, EM, and EAFE) continue to hold above critical support levels and market dynamics remain largely positive. Until this changes, we believe global equities are headed higher in the coming weeks and months. Additionally, we are reiterating our overweight recommendations on small-caps and value as we believe outperformance from these areas is likely to continue. · Risks To Our Positive Outlook. As we ...

M04 MGM CHINA HOLDINGS LIMITED
WEB WEBJET LIMITED
BWY BELLWAY P.L.C.
ENT. ENTREC
7259 AISIN SEIKI CO LTD
PIA PIAGGIO & C. S.P.A.
8WY WYNN MACAU LTD.
FLT FLIGHT CENTRE TRAVEL GROUP LIMITED
7267 HONDA MOTOR CO. LTD.
00027 GALAXY ENTERTAINMENT GROUP LIMITED
SUNDRMFAST SUNDRAM FASTENERS
599A SANDS CHINA LTD.
3291 IIDA GROUP HOLDINGS CO. LTD.
TW TRADEWEB MARKETS INC. CLASS A
TCOM TRIP.COM GROUP LTD. SPONSORED ADR
00888 BISON FINANCE GROUP
03/18/21 March 18, 2021 1 EN
 PRESS RELEASE
Free
ENT. ENTREC

ENTREC Completes Sale of Substantially All Assets

ENTREC Completes Sale of Substantially All Assets ST. ALBERT, Alberta, Nov. 09, 2020 (GLOBE NEWSWIRE) -- ENTREC Corporation (“ENTREC” or the “Company”) announces that, in connection with its creditor protection proceedings under the Companies' Creditors Arrangement Act (the "CCAA") and previously announced sales and investor solicitation process (the "SISP"), ENTREC and its subsidiaries have now sold substantially all of their assets in both Canada and the United States and the only remaining operational activities to be completed will be the collection of accounts receivables that were e...

November 9, 2020 1 EN
 PRESS RELEASE
Free
ENT. ENTREC

ENTREC Announces Court Approval of Sale of Assets

ENTREC Announces Court Approval of Sale of Assets ACHESON, Alberta, Sept. 01, 2020 (GLOBE NEWSWIRE) -- ENTREC Corporation (“ENTREC” or the “Company”) announces that, in connection with its creditor protection proceedings under the Companies' Creditors Arrangement Act (the "CCAA") and previously announced sales and investor solicitation process (the "SISP"), it has received orders from the Court of Queen’s Bench of Alberta (the “Court”) authorizing it and its subsidiaries to complete the sale of substantially all of their assets pursuant to certain binding purchase and sale agreements ente...

September 1, 2020 1 EN
 PRESS RELEASE
Free
ENT. ENTREC

ENTREC Granted Extension of Stay Period in CCAA Proceedings

ENTREC Granted Extension of Stay Period in CCAA Proceedings ACHESON, Alberta, Aug. 06, 2020 (GLOBE NEWSWIRE) -- ENTREC Corporation (“ENTREC” or the “Company”) has announced that it has obtained an extension of the stay period previously granted in an order from the Court of Queen’s Bench of Alberta (the “Court”) in support of its restructuring efforts under the Companies’ Creditors Arrangement Act (the “CCAA”). On May 15, 2020, ENTREC obtained an initial order (the “Initial Order”) from the Court commencing proceedings under the CCAA.  Pursuant to the Initial Order, among other things, a ...

August 7, 2020 1 EN
 PRESS RELEASE
Free
ENT. ENTREC

ENTREC Corporation Granted Extension of Stay Period in CCAA Proceeding...

ENTREC Corporation Granted Extension of Stay Period in CCAA Proceedings ACHESON, Alberta, May 25, 2020 (GLOBE NEWSWIRE) -- ENTREC Corporation (“ENTREC” or the “Company”) has announced that it has obtained an order (the “Stay Extension Order”) from the Court of Queen’s Bench of Alberta (the “Court”) in support of its restructuring efforts under the Companies’ Creditors Arrangement Act (the “CCAA”). On May 15, 2020, ENTREC obtained an initial order (the “Initial Order”) from the Court commencing proceedings under the CCAA.  Pursuant to the Initial Order, among other things, a stay of procee...

May 25, 2020 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch