BRIEF-Entrec buys business and assets of Highmark Crane

Wed May 11, 2016 7:22am EDT
 
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May 11 (Reuters) - Entrec Corp

* Independent 3rd party appraisals assigned a fair market value of approximately $5.5 million to Highmark equipment fleet acquired by Entrec

* Consideration paid consisted of issuance of 1.6 million shares of Entrec; and $3.5 million in cash (less a holdback of $0.2 million)

* Entrec Corporation acquires business and assets of Highmark Crane Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)