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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
Enterprise Group, Inc. Announces Private Placement of Units

ST. ALBERT, ALBERTA -- (Marketwire) -- 02/12/13 -- Enterprise Group, Inc. ("Enterprise" or the "Company") (TSX:E) 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 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

First Canadian Capital Corp.
145 Front Street East
Toronto, ON M5A 1E3

Enterprise Group, Inc.
Leonard D. Jaroszuk
President & CEO

Enterprise Group, Inc.
Desmond O'Kell
Vice President

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