ENTREC Corporation
TSX : ENT

ENTREC Corporation

January 02, 2015 07:00 ET

ENTREC Corporation Grants Restricted Shares

ACHESON, ALBERTA--(Marketwired - Jan. 2, 2015) - ENTREC Corporation (the "Company" or "ENTREC") (TSX:ENT) advises that it has granted 1,346,000 restricted shares (the "Restricted Shares") to its employees, pursuant to the terms of ENTREC's Restricted Share Plan. The annual grant of Restricted Shares was issued to over 500 employees of ENTREC and will vest at 20% per year over 5 years commencing January 1, 2016. All of the Restricted Shares are due to expire on January 1, 2025. Of the Restricted Shares granted, 80,000 were granted to officers of the Company.

ENTREC is a firm believer in broad based employee ownership and differentiates itself from other companies in its industry by allowing its 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 the Company's success.

About ENTREC

ENTREC is a premier crane service and specialized transportation 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.

Contact Information

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

    ENTREC Corporation
    Jason Vandenberg
    CFO
    (780) 960-5630