News Column

Macro Enterprises Inc. Announces Issuance of Common Shares upon Conversion of Loan

Jun 24 2013 12:00AM

Marketwire

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FORT ST. JOHN, BRITISH COLUMBIA -- (Marketwired) -- 06/24/13 -- Further to the news releases issued by Macro Enterprises Inc. (TSX VENTURE: MCR) (the "Company" or "Macro") dated June 3, 2013 and June 18, 2013, Macro announces that pursuant to the terms of a Convertible Loan Agreement dated July 7, 2006, as amended, (the "Convertible Loan Agreement"), it has issued an aggregate of 3,792,698 Common shares in satisfaction of $5,689,051, being the aggregate principal amount of the loan at a conversion price of $1.50 per Common share. Certain of the lenders to whom Common shares were issued upon such conversion, namely Frank Miles, Mark Dodge and Hugh Sewell, are insiders of Macro. A copy of the Convertible Loan Agreement, as amended, is available on SEDAR at www.sedar.com.

Macro's core business is providing pipeline and facilities construction and maintenance services to major companies in the oil and gas industry in northeastern British Columbia and northwestern Alberta. The Company's corporate office is in Calgary, Alberta. Its shares are listed on the TSX Venture Exchange under the symbol MCR. Information on the Company's principal operating unit, Macro Industries Inc., can be found at www.macroindustries.ca.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:
Macro Enterprises Inc.
Frank Miles
President and C.E.O.
(250) 785-0033

Macro Enterprises Inc.
T. Jerrold Jackson
C.F.O.
(403) 705-7302





Source: Marketwire


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