Entrec Corporation
TSX VENTURE : ENT

Entrec Corporation

November 19, 2013 07:00 ET

Entrec Appoints Terris Chorney as Executive Vice President, Business Development

SPRUCE GROVE, ALBERTA--(Marketwired - Nov. 19, 2013) - ENTREC Corporation ("ENTREC" or the "Company") (TSX VENTURE:ENT) is pleased to announce the appointment of Mr. Terris Chorney as Executive Vice President, Business Development.

"Terris is a tremendous leader that has been a strategic partner with our management team for the past eight years," said John M. Stevens, ENTREC's President and COO. "In his new role, Terris will be a great addition to our senior management team as he leads our sales and business development teams into a period of exciting growth for our Company."

Mr. Chorney was previously Managing Director, Investment Banking with Stifel Financial Corp. (a publicly-listed company on the New York Stock Exchange that is a full-service brokerage and investment banking firm founded in 1890) and its predecessor from April, 2009 until October, 2013. He led Stifel's Canadian market energy business, and covered both oil & gas and energy service clients. Prior thereto Mr. Chorney was employed as a Director - Investment Banking with Blackmont Capital and its predecessor from January, 2004 to April, 2009. He began his investment banking career at RBC Capital Markets in March, 2001. Over his tenure in banking, Mr. Chorney led 34 public and private company financings raising nearly $1.6 billion, and was responsible for 155 additional financing syndicate positions totaling approximately $15.9 billion. In addition to corporate finance-related activities, he has also led the completion of multiple buy and sell-side M&A engagements totaling approximately $21.0 billion in value. Mr. Chorney is a Professional Engineer and has been a member of the Association of Professional Engineers and Geoscientists of Alberta since 1993. Mr. Chorney holds a B.Sc. - Civil Engineering from the University of Nebraska (1993), where he also walked-on and earned a full scholarship with the Nebraska Cornhusker football team and received 3 letters for varsity competition. He also played with the Edmonton Eskimos from 1993 to 1995, winning a Grey Cup in 1993. Mr. Chorney holds an MBA from the University of Alberta (2000).

ENTREC Appoints Craig Nicholson as Vice President HSE

ENTREC is also pleased to announce the recent appointment of Mr. Craig Nicholson as Vice President HSE.

Mr. Nicholson has been involved in the HSE Profession for the past 8 years, assisting large oilfield service operations across Canada to develop and implement HSE systems. He began his career at Weatherford International, where he worked his way up and in 2010 landed his first HSE Leadership role. While working for Weatherford, Mr. Nicholson and his team provided HSE coverage to operations in Ontario, Saskatchewan, Alberta and British Columbia. In May of 2011, Mr. Nicholson received his CRSP designation from the Board of Canadian Registered Safety Professionals. For the past 2 years, Mr. Nicholson has furthered his HSE career at CEDA International. Most recently, he held the role of Director of HSE where he looked after a team of 30 HSE professionals servicing a workforce of over 2500 employees in peak times.

"We are very pleased to be adding Craig to our leadership team," said Mr. Stevens. "Safety is our number one core value at ENTREC and Craig will be a great addition as we continue to enhance our industry-leading training and safety initiatives."

ENTREC also announces it has granted 400,000 share options to employees of the Company, including 250,000 share options granted to Mr. Chorney and Mr. Nicholson. The share options are exercisable at a price of $1.45 per share and vest at a rate of 25% per year over four years commencing November 19, 2014. The share options will expire on November 19, 2018.

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.

Contact Information

  • 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