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EGN Engineering.Com Incorporated

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Share Name Share Symbol Market Type
Engineering.Com Incorporated TSXV:EGN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

ENGINEERING.com Incorporated Announces Private Placement

03/03/2009 8:53pm

Marketwired Canada


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

1 Year Engineering.Com Incorporated Chart

1 Year Engineering.Com Incorporated Chart

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1 Month Engineering.Com Incorporated Chart

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