ENGINEERING.com Inc. (EGN.V) announced the filing of an early warning report by its president, John Hayes.
Hayes acquired ownership of 21,000 common shares, representing 0.05% of the outstanding shares, for investment purposes.
The company said that the transaction was conducted through the facilities of the TSX Venture Exchange at a price of $0.03 per share. Before the transaction, Hayes owned 2.37 million common shares and 3 million stock options, of which 2.25 million stock options are currently exercisable for common shares of the Company.
With the common shares purchased in this transaction, Hayes now owns 5.4% of the Company's outstanding shares, based on the 43.57 million common shares that are currently outstanding. If Hayes exercised all of his stock options that are currently exercisable, he would, in the aggregate, own approximately 10% of the Company's then outstanding shares, ENGINEERING.com said.
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