Macro Enterprises Inc.: 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 ongoing challenges between the joint venture and Trans Mountain.
Macro and Trans Mountain continue to be in discussions regarding future opportunities that are expected to contractually occur in early 2021.