ENTREC Grants Restricted Shares
(firmenpresse) - SPRUCE GROVE, ALBERTA -- (Marketwired) -- 04/02/13 -- ENTREC Corporation (the "Corporation" or "ENTREC") (TSX VENTURE: ENT) advises that it has granted 222,900 restricted shares (the "Restricted Shares") to its employees and directors, pursuant to the terms of ENTREC's Restricted Share Plan, including 122,900 Restricted Shares granted to directors and officers of the Corporation.
Under ENTREC's Restricted Share Plan, key employees, directors and other key personnel are granted the right to receive an allotted number of common shares from treasury at a deemed value equal to the market price of ENTREC's common shares on the grant date. With the exception of the Restricted Shares granted to non-management directors of the Corporation, the Restricted Shares vest at 20% per year over 5 years commencing October 1, 2013. Restricted Shares granted to non-management directors of the Corporation will vest immediately prior to the Corporation's next annual general meeting. All Restricted Shares expire ten years from the date of grant.
About ENTREC
ENTREC specializes in the lifting, transportation (over the road and on-site), loading, off-loading and setting of overweight and oversized cargo for the oil and natural 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 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
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 02.04.2013 - 12:00 Uhr
Sprache: Deutsch
News-ID 244957
Anzahl Zeichen: 0
contact information:
Town:
SPRUCE GROVE, ALBERTA
Kategorie:
Oil & Gas
Diese Pressemitteilung wurde bisher 162 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"ENTREC Grants Restricted Shares"
steht unter der journalistisch-redaktionellen Verantwortung von
Entrec Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
