ENGINEERING.com Incorporated Completes the Consolidation of Its Common Shares
December 31 2013 - 10:19AM
Marketwired Canada
ENGINEERING.com Incorporated (TSX VENTURE:EGN), a digital media company that
informs, inspires and engages engineers, today announced that it has filed
articles of amendment effecting the consolidation of its common shares on the
basis of one new common share for each 350,000 pre-consolidation common shares
(the "Consolidation"). Those shareholders who would otherwise have been entitled
to receive fractional shares will instead be paid $0.03 in cash per common share
held by them prior to the Consolidation.
ENGINEERING.com obtained the required shareholder approvals to effect the
Consolidation at its recent special meeting of shareholders held on December 19,
2013. It is expected that ENGINEERING.com's common shares will be delisted from
TSX Venture Exchange at the opening of trading on or about January 2, 2014, and
an application will be made to the applicable Canadian securities regulatory
authorities for an order that ENGINEERING.com will no longer be a reporting
issuer under Canadian securities laws.
About ENGINEERING.com Incorporated
ENGINEERING.com Incorporated (TSX VENTURE:EGN) inspires, informs and entertains
a worldwide audience of engineers through the www.ENGINEERING.com web site,
mobile and social media channels. ENGINEERING.com offers marketing services to
manufacturers, technology inventors and engineering academia. The
ENGINEERING.com Incorporated head office is located in Mississauga, Ontario,
Canada and can be reached toll-free at 1-877-997-9917, by facsimile at
905-273-6691 or through the Internet at www.ENGINEERING.com.
Forward-Looking Statements
This press release may contain forward-looking statements based on management's
current projections, beliefs and opinions at the date of this press release.
Actual results could differ materially from those anticipated in these
statements. ENGINEERING.com Incorporated undertakes no responsibility to update
forward-looking statements if circumstances or management's projections, beliefs
or opinions change.
FOR FURTHER INFORMATION PLEASE CONTACT:
ENGINEERING.com, Inc.
John Hayes
President & CFO
905-273-9991, ext. 3280
905-273-6691 (FAX)
jhayes@engineering.com
www.engineering.com
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