Strongco Corporation
TSX : SQP

Strongco Corporation

December 09, 2010 11:16 ET

Strongco Announces Record Date For Rights Offering

MISSISSAUGA, ONTARIO--(Marketwire - Dec. 9, 2010) - Strongco Corporation (TSX:SQP) today announced it has received acceptance from securities regulatory authorities in each of the provinces for its previously announced rights offering and has fixed the record date in connection with the offering.

Under the offering, each registered holder of the Corporation's Common Shares as of December 17, 2010 (the "Record Date") will receive one Right for each Common Share held. Four Rights plus the sum of $3.00 are required to subscribe for one Common Share. The Rights will expire at 5:00 p.m. (Toronto time) on January 14, 2011, after which unexercised Rights will be void and without value. The Rights will be listed on the Toronto Stock Exchange and cease trading on January 14, 2011.

The rights offering circular, which contains instructions on how to exercise the Rights, will be mailed following the Record Date to all shareholders of record on the close of business on the Record Date.

This news release should be read together with the Circular, which contains more detailed information and is available at www.sedar.com.

About Strongco

Strongco Corporation is one of Canada's largest multiline mobile equipment dealers. Strongco sells, rents and services equipment used in sectors such as construction, infrastructure, mining, oil and gas, utilities, municipalities, waste management and forestry. Over 500 employees in 26 branches service customers across Canada. Strongco represents leading equipment manufacturers with globally recognized brands, including Volvo Construction Equipment, Case Construction, Manitowoc Crane, Terex Cedarapids, Skyjack, Fassi, Allied,Taylor, ESCO, Dressta and Sennebogen. Strongco is listed on the Toronto Stock Exchange under the symbol SQP.

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