E.G. Capital Inc. Announces Revised Results for the Three Months Ended May 31, 2011
October 26 2011 - 4:18PM
Marketwired
E.G. Capital Inc. (TSX VENTURE:EGC.H), ("E.G. Capital"), formally
National Construction Inc., today announces revised results for the
three months ended May 31, 2011. The interim financial statements
and Management Discussion and Analysis have been revised to comply
with the disclosure requirements under National Instrument 51-102
s. 4.3(2) and IFRS 1.
The transition to IFRS has had no impact on the Corporation's
consolidated balance sheets and on the consolidated statements of
comprehensive income and cash flows.
About E.G. Capital Inc.
The Corporation is an inactive company listed on the NEX board
of the TSX Venture Exchange Inc. ("the Exchange). The business of
the Corporation is to identify and evaluate businesses or assets
with a view to completing a reactivation transaction on the
Exchange.
Following the sale of certain assets in February, 2005, the
Corporation did not engage in any active business other than to
preserve and/or convert into cash any assets remaining with the
Corporation and to pursue future shareholder enhancing
opportunities. The Corporation intends to review and pursue
opportunities to unlock the value of its unrecorded future income
tax assets.
This press release may contain forward-looking statements
relating to the Corporation. Among the important factors that could
cause actual results to differ materially from those indicated by
such forward looking statements are competitive pressures,
technical difficulties, market acceptance, changes in customer
requirements, and general economic conditions, and other risks and
uncertainties as described from time to time in Corporation's
reports, registration statements and filings filed by the
Corporation with securities regulatory authorities.
The TSX Venture Exchange Inc. does not accept responsibility for
the adequacy or accuracy of this release.
Contacts: E.G. Capital Inc. William G. Edwards CFO (416)
565-0066
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