ENGINEERING.com Incorporated Completes the Consolidation of Its Common Shares
December 31 2013 - 11:19AM
Marketwired
ENGINEERING.com Incorporated Completes the Consolidation of Its
Common Shares
TORONTO, ONTARIO--(Marketwired - Dec 31, 2013) - 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.
ENGINEERING.com, Inc.John HayesPresident & CFO905-273-9991,
ext. 3280905-273-6691jhayes@engineering.comwww.engineering.com
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