Mr. Paul Andreola reports
ATLAS ENGINEERED PRODUCTS ANNOUNCES EXERCISE OF WARRANTS
Atlas Engineered Products Ltd. says 2,102,819 warrants have been exercised for gross proceeds of $1,261,691.40.
Two million one hundred two thousand eight hundred nineteen warrants were exercised for 2,102,819 common shares of Atlas Engineered Products before the 5 p.m. deadline yesterday at an exercise price of 60 cents per warrant. The remaining warrants have expired. Atlas Engineered Products plans to use the proceeds of $1,261,691.40 to continue its focus on organic growth, product development, and mergers and acquisitions. Postwarrant exercise, total Atlas Engineered Products shares outstanding are 59,538,049.
About Atlas Engineered Products Ltd.
Atlas Engineered Products is a growth company that is acquiring and operating profitable, well-established operations in Canada's truss and engineered products industry. The company has a well-defined and disciplined acquisition and operating growth strategy enabling it to scale aggressively and apply new technologies, giving it a unique opportunity to consolidate a fragmented industry of independent operators.
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