ENGINEERING.com Announces Private Placement

TORONTO, ONTARIO -- (MARKET WIRE) -- Mar 03, 2009 -- ENGINEERING.com Incorporated (the "Company") (TSX VENTURE: EGN) has closed a non-brokered private placement of approximately 7,374,124 Common Shares at a subscription price of $0.05 per share for gross proceeds of $368,706.20. The proceeds from the offering will be used for general working capital purposes.

In accordance with the Rules of the TSX Venture Exchange, the Company also announces that the offering was entirely subscribed for by Mr. Frank Baldesarra, Chairman of the Company. Prior to the completion of the offering, Mr. Baldesarra owned or controlled 11,516,637 Common Shares, which represented approximately 39% of the total number of outstanding Common Shares. As a result of the offering, Mr. Baldesarra now owns or controls 18,890,761 Common Shares, which represents approximately 51.2% of the total number of outstanding Common Shares. The Common Shares are subject to a hold period of four months and a day ending July 4, 2009.

No finder's fee was paid in connection with the offering. The TSX Venture Exchange issued its final acceptance of the offering on February 11, 2009, subject to standard filing requirements.

About ENGINEERING.com Incorporated

ENGINEERING.com Incorporated (TSX VENTURE: EGN) is the developer-owner of the www.ENGINEERING.com Web site and Internet-based software and business. ENGINEERING.com offers hosted and deployed engineering software and services to manufacturers, design consultants and engineering academia around the world. 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.

Shares Outstanding: 36,870,623



The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts:
ENGINEERING.com, Inc.
John Hayes
President & CFO
(905) 273-9991, ext. 280 or Toll Free: 1-877-997-9917
(905) 273-6691 (FAX)
Email: 
Email Contact
Website: 
www.engineering.com





Review Article Be the first to review this article
CST Webinar Series

EMA:

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Retail Therapy: Jump starting Black Friday
Peggy AycinenaIP Showcase
by Peggy Aycinena
REUSE 2016: Addressing the Four Freedoms
More Editorial  
Jobs
Manager, Field Applications Engineering for Real Intent at Sunnyvale, CA
ACCOUNT MANAGER MUNICH GERMANY EU for EDA Careers at MUNICH, Germany
Principal Circuit Design Engineer for Rambus at Sunnyvale, CA
AE-APPS SUPPORT/TMM for EDA Careers at San Jose-SOCAL-AZ, CA
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
Upcoming Events
Zuken Innovation World 2017, April 24 - 26, 2017, Hilton Head Marriott Resort & Spa in Hilton Head Island, SC at Hilton Head Marriott Resort & Spa Hilton Head Island NC - Apr 24 - 26, 2017
CST Webinar Series



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy