Exchange Bulletin

Entrec Corporation (ENT) To Trade On Toronto Stock Exchange


June 6, 2014

ENTREC Corporation - (the "Company") - An application has been granted for the original listing in the Industrial category of 149,833,671 common shares of which 112,381,545 common shares are issued and outstanding and 37,452,126 common shares are reserved for issuance.

An application has also been granted for listing $25,300,000 aggregate principal amount of 7.00% convertible unsecured subordinated debentures due October 31, 2017 (the "Debentures") of the Company, all of which are issued and outstanding.

The common shares and Debentures will be listed and posted for trading at the opening on Monday, June 9, 2014.

The Debentures are represented by one or more global certificates issued in registered form and held by CDS Clearing and Depository Services Inc. ("CDS") or its nominee. Individual certificates for Debentures have not be issued. Such securities must be purchased, transferred, sold and surrendered for redemption or conversion directly through a participant in the book based system of CDS.

The Debentures are quoted and traded on an accrued interest basis, i.e. all bids, offers and trades of the Debentures will reflect only the capital portion of the Debentures and do not reflect the accrued interest. Accrued interest must be reflected in the seller's and buyer's settlement amount, and must be reflected on the confirmation with clients. Interest will be computed on the basis of a 365-day year, or 366-day year in a leap year.

The Debentures are issuable in the minimum principal amount of $1,000 each, quoted based on $100 principal amounts with all trades being made in multiples of $1,000. For example, an order to buy $5,000 principal amount will be given as an order to buy 5,000. An order to sell $20,000 principal amount will be shown as an order to sell 20,000. An order for 1,500, for example, is not acceptable since all trades must be made in multiples of $1,000. The minimum trading unit of Debentures is $1,000 and a board lot of Debentures is $1,000.

Common Shares:

Stock Symbol: "ENT" CUSIP: 29384D 10 6 Trading Currency: CDN$

Debentures:

Stock Symbol: "ENT.DB" CUSIP: 29384D AA 4 Trading Currency: CDN$



Temporary Market Maker: RBC Capital Markets Inc.
Other Markets: The common shares have been listed on TSX Venture Exchange ("TSXV") since August 2, 2011, under the stock symbol "ENT". The Debentures have been listed on TSXV under the stock symbol "ENT.DB" since October 30, 2012. The common shares and the Debentures will be delisted from TSXV upon commencement of trading on TSX.
Head Office Address: 100 Diamond Avenue
P.O. Box 3490
Spruce Grove, AB
T7X 3A7
Head Office Telephone Number: (780) 960-5630
Fax Number: (780) 962-1722
Email Address: jvandenberg@entrec.com
Website: www.entrec.com
Investor Relations: Rod Marlin
Tel.: (780) 960-5647
Email: rmarlin@entrec.com

-or-

John Stevens
Tel: (780) 960-5625
Email: jstevens@entrectransport.com

-or-

Jason Vandenberg
Tel: (780) 960-5630
Email: jvandenberg@entrec.com
Chief Financial Officer: Jason Vandenberg
Corporate Secretary: Joe Brennan
Incorporation: The Company was incorporated under the laws of the Business Corporations Act, (Alberta) on October 23, 2009 as "EIS Capital Corp.". The Company changed its name to "ENTREC Corporation" on June 1, 2012.
Fiscal Year End: December 31
Nature of Business: The Company is a provider of heavy lift and heavy haul services with offerings encompassing crane services, heavy haul transportation, engineering, logistics and support to the oil and natural gas, construction, petro-chemical, mining and power generation industries.
Transfer Agent & Registrar: Olympia Trust Company at its principal offices in Calgary and Toronto.
Normal Course Issuer Bid: Toronto Stock Exchange ("TSX") has accepted a Notice of Intention from the Company to make a Normal Course Issuer Bid to purchase the following:

Up to 8,561,671 of its common shares, being approximately 10% of the public float of the common shares issued and outstanding as of November 13, 2013.

Purchases will be made on the open market through the facilities of TSX.

Purchases pursuant to the bid were able to begin on November 20, 2013 through the facilities of the TSX Venture Exchange. 3,713,800 common shares have been purchased pursuant to the bid to date. The bid expires no later than November 19, 2014.
Dividends: The Company has not paid any dividends on the outstanding common shares. The board of directors does not currently intend to implement a policy of paying regular cash dividends on the common shares. The board of directors will review this policy from time to time, having regard to the Company's need to finance future growth, its financial condition and other factors that the board of directors may consider appropriate in the circumstances.
The following is a summary of some of the principal provisions of the Debentures. Additional information on the Debentures may be found in the Company's Revised Annual Information Form dated March 10, 2014 (the "AIF") which is available at www.sedar.com. Capitalized terms not otherwise defined are defined in the AIF.
Interest: The Debentures will bear interest at an annual rate of 7.00% per year on the principal amount from the issue date, or from the most recent date to which interest has been paid or provided for. Interest is payable semi-annually in arrears in equal installments on April 30 and October 31, of each year. The next interest payment to be made on October 31, 2014 in the amount of $35.00 per $1,000 principal amount of Debentures, will represent interest accruing from, and including April 30, 2014 to, but excluding October 31, 2014. Interest will be computed on the basis of a 365-day year, or 366-day year in a leap year.
Maturity Date: October 31, 2017
Conversion: Each Debenture will be convertible into common shares of the Company at the option of the holder at any time prior to the close of business on the business day immediately preceding the Maturity Date or if the Debentures are called for redemption on the business day immediately preceding the date specified by the Company for redemption, or if called for repurchase pursuant to a Change of Control, on the business day immediately preceding the payment date, in each case, at a conversion price of $2.60 per common share (the "Conversion Price"), being a ratio of 384.6154 common shares per $1,000 principal amount of Debentures, subject to adjustment in certain events.
Redemption: The Debentures may not be redeemed by the Company before October 31, 2015, except in certain limited circumstances following a Change of Control. On or after October 31, 2015 and prior to October 31, 2016, the Debentures are redeemable by the Company, in whole or in part from time to time, at not more than 60 days and not less than 30 days prior written notice, at a redemption price equal to the principal amount plus accrued and unpaid interest, provided that the Current Market Price for the Company's shares prior to the date of notice of redemption is not less than 125% of the Conversion Price. On or after October 31, 2016, the Debentures are redeemable by the Company, in whole or in part from time to time, at not more than 60 days and not less than 30 days prior written notice, at a redemption price equal to the principal amount plus accrued and unpaid interest.

Fractional common shares will not be issued. If a holder of a Debenture becomes otherwise entitled to a fractional common share, the Company will satisfy such fractional interest by a cash payment equal to the fractional interest multiplied by the Current Market Price of the common shares on the date of conversion determined in accordance with the debenture indenture.