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
SolidCAM: Program your CNCs directly inside your existing CAD system.


Featured Video
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
Siemens Goes ECAD With Mentor Graphics Acquisition
Jobs
Mechanical Engineer for IDEX Corporation at West Jordan,, UT
Senior Structural Engineer for Design Everest at San Francisco, CA
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
GIS Analyst II for Air Worldwide at Boston, MA
Upcoming Events
Design & Manufacturing, Feb 7 - 9, 2017 Anaheim Convention Center, Anaheim, CA at Anaheim Convention Center Anaheim CA - Feb 7 - 9, 2017
Innorobo 2017 at Docks de Paris Paris France - May 16 - 18, 2017
Display Week 2017 at Los Angeles Convention Center 1201 S Figueroa St Los Angeles CA - May 21 - 26, 2017



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 EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise