November 9 - Canada's Manitoulin Transport has made a strategic investment into Entrec Corporation, taking beneficial ownership of approximately 15.4 percent of the issued and outstanding common shares of the company on a non-diluted basis.
"We are very pleased to welcome Manitoulin as a strategic partner with Entrec," said Entrec president and ceo John M. Stevens. "As one of Canada's largest transportation and logistics companies, Manitoulin is already an important customer for us and we look forward to further leveraging our relationship in the future."
Manitoulin ceo Gord Smith added: "Entrec already supports many of our heavy haul transportation requirements and we have been watching Entrec closely over the past few years as they have grown to become a best-in-class service provider to both the crane and heavy haul transport industries."
