TSX Venture Exchange Daily Bulletin > Re: ACT PP
posted on
Jan 28, 2009 07:34PM
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Attention Business Editors:
TSX Venture Exchange Daily Bulletins
VANCOUVER, Jan. 28 /CNW/ -
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TSX VENTURE COMPANIES
ACTIVE CONTROL TECHNOLOGY INC. ("ACT")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: January 28, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced January 15, 2009:
Number of Shares: 9,472,000 shares
Purchase Price: $0.06 per share
Warrants: 4,736,000 share purchase warrants to purchase
4,736,000 shares
Warrant Exercise Price: $0.08 for a one year period
$0.10 in the second year
Number of Placees: 25 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Andrew Stein Y 83,000
Ante Rupcic Y 100,000
Cameron Sturgess Y 334,000
Don Hogarth Y 500,000
William Johnstone Y 200,000
Graham Warren Y 167,000
Richard Hazell Y 4,500,000
Angelo Comi P 30,000
John Comi P 30,000
Agent's Fee: an aggregate of $47,419, plus 68,500 units (each
unit consisting of 1 common share and .5 share
purchase warrants - each full warrant entitles
the holder to acquire a common share at the same
warrant terms as above), and 790,300
compensation warrants (each compensation warrant
exercisable into 1 common share and .5 share
purchase warrants at a price of $0.06 for a
period of two years - each underlying full
warrant entitles the holder to acquire a common
share at the same warrant terms as above).
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has
issued a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). Note that in certain
circumstances the Exchange may later extend the expiry date of the warrants,
if they are less than the maximum permitted term.
TSX-X
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