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Enterprise Group, Inc. Announces Private Placement of Units
Published : February 12, 2013
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Keywords :   Canada | Growth | K Street | Market |

ST. ALBERT, ALBERTA--(Marketwire - Feb. 12, 2013) - Enterprise Group, Inc. ("Enterprise" or the "Company") (News - Market indicators) announces that it has closed a non-brokered private placement (the "Offering") of 4,200,000 units of the Company ("Units") at a price of $0.25 per Unit for aggregate gross proceeds of $1,050,000. Each Unit is comprised of one common share in the capital of the Company ("Common Share") and one Common Share purchase warrant ("Warrant"). Each whole Warrant entitles the holder to acquire one Common Share at an exercise price of $0.35 for a period of six months from the closing of the Offering, subject to accelerated expiry in certain circumstances. After giving effect to the Offering, the Company has a total of 60,966,697 Common Shares issued and outstanding. 

The proceeds from the Offering will be used for working capital and capital expenditures associated with the purchase of new equipment. All of the securities issued pursuant to the Offering are subject to a four month hold period from the date of issue. 

Enterprise is a construction services company operating in the energy, utility and transportation infrastructure industry. The Company's focus is primarily underground construction and maintenance and above ground plants and facilities and specialized equipment rental. The Company's strategy is to acquire complementary service companies in Western Canada, consolidating capital, management and human resources to support continued growth. 

Forward Looking Statements

Certain statements contained in this release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on current beliefs or assumptions as to the outcome and timing of future events. Actual future results may differ materially. In particular, statements with respect to anticipated activity levels and profitability of the Company's utility and infrastructure division and anticipated increases in revenue and margins attributed to services provided by the Company to the energy sector contain forward looking information. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website at www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The forward-looking statements and information contained in this document are made as of the date hereof for the purpose of providing the readers with the Company's expectations for the next year. The forward-looking statements and information may not be appropriate for other purposes. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.



First Canadian Capital Corp.
Daniel Boase
416-742-5600
DBoase@firstcanadiancapital.com
or
First Canadian Capital Corp.
145 Front Street East
Toronto, ON M5A 1E3
or
Enterprise Group, Inc.
Leonard D. Jaroszuk
President & CEO
780-418-4400
contact@EnterpriseGRP.ca
or
Enterprise Group, Inc.
Desmond O'Kell
Vice President
780-418-4400
contact@EnterpriseGRP.ca
www.EnterpriseGRP.ca
Companies Mentionned : Energy X X I | Total |
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Enterprise Oilfield Group, Inc.

CODE : E.TO
ISIN : CA29373A1057
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Enterprise Oilfield is based in Canada.

Enterprise Oilfield is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 17.8 millions as of today (US$ 13.7 millions, € 12.2 millions).

Its stock quote reached its highest recent level on April 01, 2011 at CA$ 3.89, and its lowest recent point on October 07, 2011 at CA$ 0.02.

Enterprise Oilfield has 55 650 000 shares outstanding.

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Financings of Enterprise Oilfield Group, Inc.
5/17/2013Announces Intention to Seek Shareholder Approval for Private...
4/25/2013Announces Private Placement of Common Shares
3/26/2013Announces Convertible Debenture With Michael Wekerle's Diffe...
2/12/2013Announces Private Placement of Units
11/30/2011Announces Closing of Zero Percent (0%) Financing Facility
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Option Grants of Enterprise Oilfield Group, Inc.
12/13/2012Provides Corporate Update and Engages Investor Relations Fir...
Nominations of Enterprise Oilfield Group, Inc.
1/17/2013Announces Warren Cabral as Chief Financial Officer
1/17/2013Announces Warren Cabral as Chief Financial Officer
1/17/2013Announces Warren Cabral as Chief Financial Officer
1/17/2013Announces Warren Cabral as Chief Financial Officer
Financials of Enterprise Oilfield Group, Inc.
5/9/2013Announces First Quarter Results
11/14/2012Announces Third Quarter Results and Corporate Update
5/14/2012Announces First Quarter Results
3/30/2012Announces 2011 Year End Results
2/23/2012Announces Fourth Quarter Results
11/14/2011Announces Third Quarter Results
8/15/2011Announces Second Quarter Results
3/29/2011Announces 2009 Year End Results
5/12/2008Announces First Quarter Results
Corporate news of Enterprise Oilfield Group, Inc.
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10/22/2015Enterprise to Report Third Quarter 2015 Results on November ...
10/2/2015Enterprise Group, Inc. Announces Closing of Private Placemen...
8/27/2015Enterprise Group, Inc. Earnings Q2, 2015
8/13/2015Enterprise Group Announces Results for the Second Quarter of...
8/13/2015Q2 2015 Enterprise Group Inc Earnings Release - Before Marke...
8/11/2015Enterprise Announces Debt Covenant Adjustments
7/30/2015Enterprise to Report Second Quarter 2015 Results on August 1...
7/13/2015Enterprise Group Appoints G. Reginald Belyea, P.Eng., PMP, t...
7/9/2015Enterprise Group, Inc. Appoints John Campbell as Lead Direct...
6/24/2015Enterprise Group, Inc. Announces 3:1 Consolidation of Shares
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5/14/2015Q1 2015 Enterprise Group Inc Earnings Release - Before Marke...
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9/30/2014Enterprise Group Completes 2014 Capital Expenditure Program ...
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7/31/2014Enterprise Group Announces LOI to Acquire Oilfield Site Serv...
6/19/2014Enterprise Group, Inc. Announces Board Appointment
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5/27/2014Enterprise Group Announces New Contract for Hart Oilfield Re...
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2/4/2014Microsoft's Gates steps down chairman, new CEO named
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10/25/2013Announces Two New Contracts
9/24/2013Plans to Become a U.S. Reporting Issuer
9/17/2013Provides Corporate Update
6/17/2013Announces Closing of a Specialized Underground Infrastructur...
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8/28/2012Announces $12.5 Million Finance Facility
6/19/2012Announces Results of Annual & Special Meeting
12/5/2011SPUDS MONTANA BAKKEN/THREE FORKS WELL
11/2/2011Announces New Banking Arrangements
3/28/2008Announces 2007 Year End Results
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5/23/2007Oil announces Q2 results
5/7/2007Completes Third Acquisition
4/26/2007Announces the Proposed Addition of Nick DeMare to the Board
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