Laprairie Crane (Alberta) Ltd entered into an agreement to acquire all of the business and assets associated with Fort McMurray Location from ENTREC Corporation (TSX:ENT), Entrec Alberta Ltd., ENT Oilfield Group Ltd. and Capstan Hauling Ltd. on August 24, 2020. As on August 31, 2020, the Court of Queen's Bench of Alberta authorized the sale of substantially all of the assets associated with Fort McMurray Location. The transaction is expected to close later in September 2020. The net proceeds from the sale transactions, and the collection of accounts receivable, will be used to pay down the ENTREC's debt owing to its senior secured creditors. Joe Brennan of Nerland Lindsey LLP acted as legal advisor to ENTREC Corporation. Scott Whitby, Gary Ott of Fasken Martineau DuMoulin LLP acted as legal advisor to Laprairie Crane (Alberta) Ltd. Ernst & Young acted as financial advisor to ENTREC Corporation.