E.G. Capital Inc.

October 26, 2011 16:18 ET

E.G. Capital Inc. Announces Revised Results for the Three Months Ended May 31, 2011

BROSSARD, QUEBEC--(Marketwire - Oct. 26, 2011) - 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.

Contact Information

  • E.G. Capital Inc.
    William G. Edwards
    (416) 565-0066