|By Marketwired .||
|December 31, 2013 11:19 AM EST||
TORONTO, ONTARIO -- (Marketwired) -- 12/31/13 -- 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.
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.