Macro Enterprises Inc.: Coastal GasLink Project Notice to Proceed Issued

FORT ST. JOHN, British Columbia, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Macro Enterprises Inc. (TSXV:MCR) (“Company” or “Macro”) is pleased to announce Macro Spiecapag Joint Venture has now received the Full Notice to Proceed from TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) on the Coastal GasLink Pipeline Project.

As such, under the terms and conditions of the contract executed between the Joint Venture and Coastal GasLink Pipeline Limited Partnership, pre-planning work is set to continue and construction scheduled to begin in Q1 2019.

The Company

Macro’s core business is providing pipeline and facilities construction and maintenance services to major companies in the oil and gas industry within Canada.  The Company’s corporate office is in Fort St. John, British Columbia.  Its shares are listed on the TSX Venture Exchange under the symbol MCR.  Information on the Company’s principal operations can be found at www.macroindustries.ca.

Forward-Looking Statements

This news release contains forward-looking statements that are not historical facts.  Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements, including statements regarding the expected notice to proceed which is an underlying requirement for the Company to commence work on the Project (as defined above) and the expected Project value.  Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, remaining uncertainty relating to notice to proceed with work on the Project, and the Company's ability to obtain any necessary permits, consents or authorizations required for its planned activities. Readers are referred to the Company's public disclosure record which is available on SEDAR (www.sedar.com).  Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all.  Except as required by securities laws and the policies of the TSX Venture Exchange, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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