Rights offering:
Shareholders of record December 18, 2008 will receive a Rights Certificate for the number of shares they are entitled to acquire based on one (1) share for each two (2) shares owned on the record date. Â In other words, if 200 shares of EEGC common stock were owned on December 18, 2008, the certificate will reflect a right to acquire 100 new shares at a purchase price of US$.07 per share. Â Shareholders who would like to exercise their rights to purchase shares provided for in the certificate must fill out the Subscription Certificate included in the mailing and deliver the completed form along with the subscription price to our transfer agent by the end of the subscription period on April 12, 2010* (extended).
Additionally, assuming all of the rights holders do not fully exercise their privilege to acquire shares, rights holders that did exercise all of their rights will be permitted to participate in the follow-on oversubscription privilege to acquire additional shares at the US$.07 price. Â Rights holders that qualify for the oversubscription privilege will be notified of the number of shares available under that privilege at the close of the initial period April 12, 2010* (extended), and will need to provide an additional subscription form and payment during an additional oversubscription period.
