Macro Enterprises Inc. Announces Completion of Plan of Arrangement
Fort St. John, British Columbia--(Newsfile Corp. - April 20, 2022) - MACRO ENTERPRISES INC. (TSXV: MCR) (the "Company" or "Macro") is pleased to announce the completion of its previously announced arrangement involving 1325996 B.C. Ltd. ("AcquireCo") pursuant to a plan of arrangement (the "Plan of Arrangement") under Division 5 of Part 9 of the Business Corporations Act (British Columbia) (as amended, the "Arrangement"). The Arrangement became effective at 12:01 a.m. (Vancouver time) on April...
2022-04-20 6:00 AM EDT
Macro Obtains Final Order for Proposed Arrangement
Fort St. John, British Columbia--(Newsfile Corp. - April 6, 2022) - MACRO ENTERPRISES INC. (TSXV: MCR) (the "Company" or "Macro") is pleased to announce that the Company has obtained a final order from the Supreme Court of British Columbia approving the plan of arrangement (as amended, the "Arrangement") involving 1325996 B.C. Ltd. ("AcquireCo"), pursuant to which, among other things, AcquireCo will acquire all of the issued and outstanding shares in the capital of the Company. Receipt of the...
2022-04-06 7:32 PM EDT
Macro Securityholders Approve Going Private Transaction
Fort St. John, British Columbia--(Newsfile Corp. - April 4, 2022) - MACRO ENTERPRISES INC. (TSXV: MCR) (the "Company" or "Macro") is pleased to announce that, at the special meeting of securityholders of the Company held today (the "Meeting"), securityholders approved the special resolution (the "Arrangement Resolution") in respect of the previously announced plan of arrangement under Division 5 of Part 9 of the Business Corporations Act (British Columbia) (as amended, the "Arrangement")...
2022-04-04 2:38 PM EDT
Macro Provides Transaction Update
Fort St. John, British Columbia--(Newsfile Corp. - April 1, 2022) - MACRO ENTERPRISES INC. (TSXV: MCR) (the "Company") announces that, further to its press release of March 28, 2022, the Company, together with 1325996 B.C. Ltd. ("AcquireCo"), have agreed to amend the terms of the arrangement agreement between the Company and AcquireCo dated February 14, 2022 (the "Arrangement Agreement") and the terms of the plan of arrangement under Division 5 of Part 9 of the Business Corporations Act...
2022-04-01 7:18 PM EDT
Macro Enterprises Provides Update on Going Private Transaction
Fort St. John, British Columbia--(Newsfile Corp. - March 28, 2022) - MACRO ENTERPRISES INC. (TSXV: MCR) (the "Corporation" or "Macro Enterprises") is providing the following update on its previously announced going private transaction (the "Transaction" or the "Arrangement") whereby each common share in the capital of Macro Enterprises (a "Macro Enterprises Share") would be acquired by 1325996 B.C. Ltd. ("AcquireCo") for consideration of $4.00 per share, in accordance with the terms of an...
2022-03-28 10:02 PM EDT
Both Leading Independent Proxy Advisors Recommend Macro Enterprises Shareholders Vote for the Proposed Arrangement
Glass Lewis states the cash consideration of $4.00 per share "represents the best path to maximize value for Macro shareholders at this time".ISS cites the certain and immediate value of the cash consideration in recommending shareholders vote FOR the proposed ArrangementMacro shareholders and Macro optionholders are encouraged to vote well in advance of the proxy deadline of March 31, 2022 at 10:00 a.m. (Vancouver time).Macro shareholders and Macro optionholders who have questions or need...
2022-03-21 7:43 PM EDT
Macro Enterprises Extends Condolences on the Passing of Kenneth Mastre
Fort St. John, British Columbia--(Newsfile Corp. - March 20, 2022) - MACRO ENTERPRISES INC. (TSXV: MCR) (the "Company" or "Macro") is saddened to announce that Kenneth Mastre, Vice-President, Pipelines, suddenly and unexpectedly passed away earlier this week in hospital recovering from an operation. The board of directors and all of the employees at Macro wish to extend their heartfelt condolences to Mr. Mastre's wife, their young children and the rest of his close knit family."Ken was an...
2022-03-20 10:56 PM EDT
Macro Mails Circular for Special Meeting of Securityholders, Announces Receipt of Interim Court Order for Plan of Arrangement
The Cash Consideration (as defined below) of CAD $4.00 per Macro Common Share (as defined below) represents a significant premium of approximately 46% to the 20-day volume weighted average price of the Macro Common Shares on the TSXV (as defined below) as of February 11, 2022Macro Shareholders (as defined below) and Macro Optionholders (as defined below) are encouraged to vote well in advance of the proxy deadline of March 31, 2022 at 10:00 a.m. (Vancouver time)Macro Shareholders and Macro...
2022-03-04 8:25 PM EST
Macro Enters into Arrangement Agreement in Connection with a Going Private Transaction
Fort St. John, British Columbia--(Newsfile Corp. - February 14, 2022) - MACRO ENTERPRISES INC. (TSXV: MCR) (the "Company" or "Macro") and 1325996 B.C. Ltd. ("AcquireCo"), an entity to be controlled by Frank Miles, President, Chief Executive Officer and director of Macro ("Miles"), and jointly owned by Miles, Jeff Redmond, Chief Financial Officer of Macro ("Redmond"), and Kenneth Mastre, Vice President, Pipelines of Macro ("Mastre" and together with Miles and Redmond, the "Participating...
2022-02-14 12:34 PM EST
Macro Signs New Construction Services Contract
Fort St. John, British Columbia--(Newsfile Corp. - February 9, 2022) - Macro Enterprises Inc. (TSXV: MCR) (the "Company" or "Macro") announces that its wholly-owned subsidiary, Macro Pipelines Inc. ("MPI"), has successfully negotiated and executed a new construction contract for pipeline construction services. The initial estimated value of the construction services to be provided under the contract is anticipated to be $160 million. The contract is a reimbursed cost plus fixed fee...
2022-02-09 7:00 AM EST
Macro Enterprises Inc. Announces 2021 Third Quarter Results
Fort St. John, British Columbia--(Newsfile Corp. - November 25, 2021) - Macro Enterprises Inc. (TSXV: MCR) (the "Company" or "Macro") is pleased to announce the following third quarter results: Summary of financial results(thousands of dollars except per share amounts)
2021-11-25 4:48 PM EST
Macro Enterprises Announces Resignation of Director
Fort St. John, British Columbia--(Newsfile Corp. - November 3, 2021) - Macro Enterprises Inc. (TSXV: MCR) (the "Company" or "Macro") announces that Wayne P. Albo has resigned as a director of the Company, effective November 3, 2021.The Company wishes to express its gratitude to Mr. Albo for his years of service and commitment to the Company and to its shareholders. The Company wishes him well in his future endeavours. As a result of Mr. Albo's resignation, the Company is currently...
2021-11-03 9:05 PM EDT
Macro Signs Subcontract for Trans Mountain Expansion Project
Fort St. John, British Columbia--(Newsfile Corp. - September 7, 2021) - Macro Enterprises Inc. (TSXV: MCR) (the "Company" or "Macro") announces that its wholly-owned subsidiary, Macro Projects Inc. ("MPI"), has entered into a pipeline construction Subcontract effective August 31, 2021 (the "Contract") with Kiewit TMEP Corp. relating to certain segments on Spread 5B of the Trans Mountain Expansion Project along the Coquihalla-Hope corridor in British Columbia.The Contract provides for MPI to...
2021-09-07 12:48 PM EDT
Macro Enterprises Inc. Announces 2021 Second Quarter Results
Fort St. John, British Columbia--(Newsfile Corp. - August 19, 2021) - Macro Enterprises Inc. (TSXV: MCR) (the "Company" or "Macro") is pleased to announce its 2021 first quarter results. Summary of financial results (thousands of dollars
2021-08-19 4:47 PM EDT
Macro Enterprises Inc. Announces 2021 First Quarter Results
Fort St. John, British Columbia--(Newsfile Corp. - May 27, 2021) - Macro Enterprises Inc. (TSXV: MCR) (the "Company" or "Macro") is pleased to announce its 2021 first quarter results. Summary of financial results (thousands of dollars except per share amounts)
2021-05-27 6:16 PM EDT
Macro Signs Pipeline Construction Contract for Expansion Project
Fort St. John, British Columbia--(Newsfile Corp. - May 19, 2021) - Macro Enterprises Inc. (TSXV: MCR) (the "Company" or "Macro") announces that it, through its subsidiary Macro Construction Inc., has entered into a contract to construct the Deep Valley South Section and the Colt sections of the 2021 NGTL System Expansion Project.The 2021 NGTL System Expansion Project will increase natural gas transportation capacity on an existing natural gas pipeline system in Alberta by constructing...
2021-05-19 5:42 PM EDT
Macro Enterprises Inc. Announces 2020 Fourth Quarter and Year End Results
Fort St. John, British Columbia--(Newsfile Corp. - April 8, 2021) - Macro Enterprises Inc. (TSXV: MCR) (the "Company" or "Macro") is pleased to announce its 2020 fourth quarter and year end results.Summary of financial results(thousands of dollars except per share amounts)
2021-04-08 9:24 PM EDT
Macro Signs General Construction Contract with Trans Mountain
Fort St. John, British Columbia--(Newsfile Corp. - February 10, 2021) - Macro Enterprises Inc. (TSXV: MCR) (the "Company" or "Macro") announces that its wholly-owned subsidiary, Macro Projects Inc. ("MPI"), has entered into a General Construction Contract for Interim Work (the "Contract") with Trans Mountain Pipeline L.P. relating to certain segments of Spread 5B of the Trans Mountain Expansion Project. The Spread 5B segments awarded to MPI involve a combination of clearing, grading and...
2021-02-10 4:26 PM EST
Macro Enterprises Inc. Announces Renewal of Normal Course Issuer Bid
Fort St. John, British Columbia--(Newsfile Corp. - December 21, 2020) - Macro Enterprises Inc. (TSXV: MCR) (the "Company" or "Macro") is pleased to announce that the TSX Venture Exchange ("TSXV") has accepted the Company's notice of intention to renew its normal course issuer ("NCIB") to purchase outstanding common shares of Macro on the open market in accordance with the polices of the TSXV.Pursuant to the NCIB, Macro may bid for up to 1,500,000 common shares of the Company, representing...
2020-12-21 1:37 PM EST
Macro Provides Project Agreement Update
Fort St. John, British Columbia--(Newsfile Corp. - December 16, 2020) - Macro Enterprises Inc. (TSXV: MCR) (the "Company" or "Macro") is reporting that Macro Spiecapag Trans Mountain Joint Venture, its 50/50 joint venture with Spiecapag Canada Corp. ("Spiecapag"), has received a Notice of Termination from Trans Mountain Pipeline L.P. ("Trans Mountain") to terminate for cause the construction contract for Spread 5B of the Trans Mountain Expansion Pipeline Project (the "TMEP Project") due to...
2020-12-16 10:22 AM EST