5th March 2009
Private placement for Engineering.com
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A non-brokered private placement has been completed by premium domain name Engineering.com, the firm has revealed.
The placement equates to a total of 7,374,706 common shares at a rate of $0.05 per share for gross proceeds of $368,706, reported MSNBC.
It stated that the funds will go towards general working capital and that the funds were subscribed entirely by the chairman of the firm Frank Baldesarra.
Mr Baldesarra now own or controls 18,890,761 common shares, compared to 11,516,637 prior to the deal.
This equates to a total of 51.2 per cent of the outstanding common share total.
Final acceptance of the offer was issued by the TSX Venture Exchange in the middle of last month.
Companies that are looking for similar success to Engineeirng.com may like to purchase a similar generic domain name, such as CivilEngineers.com or EngineeringOpportunities.com.
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