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ACT

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Share Name Share Symbol Market Type
TSXV:ACT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Active Control Announces the Completion of Its Going Private Transaction

05/08/2014 6:09pm

Marketwired Canada


Active Control Technology Inc. (the "Company" or "Active Control") (TSX
VENTURE:ACT) announced that it has completed its previously announced "going
private transaction" by way of an amalgamation ("Amalgamation") involving the
Company and 2421987 Ontario Limited ("Newco"). Specifically, the Company and
Newco filed Articles of Amalgamation on August 1, 2014. 


Under the terms of the Amalgamation, holders of common shares in the Company
(other than certain principal shareholders) will receive $0.03 in cash for each
common share held. Payment of the redemption proceeds will be made to the
registered common shareholders of the Company in accordance with the letters of
transmittal submitted by them. Equity Financial Trust Company, the Company's
depositary agent, will be processing the issuance of cheques to all
shareholders. 


The holders of warrants in the Company will receive $0.03 in cash for each
1,333.4 warrants held. Payment of the redemption proceeds will be made to the
registered warrantholders of the Company in accordance with the letters of
transmittal submitted by them. Equity Financial Trust Company, the warrant and
depositary agent, will be processing the issuance of cheques to all
warrantholders. 


The trading of the Company's common shares on the TSX Venture Exchange was
halted on July 29, 2014. The common shares of the Company will be delisted from
the Exchange in due course. 


The Company will now make an application to applicable securities regulatory
authorities to cease to be a reporting issuer.


About Active Control Technology 

Active Control Technology is a provider in the design, manufacture and marketing
of wireless and fiber network solutions for mine communications, mobile power
solutions and the commercial security and access control industries. For more
information, visit www.activecontrol.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


Cautionary Note Regarding Forward-Looking Statements: This press release
contains forward-looking statements which reflect the Company's current
expectations regarding future events. The forward looking statements involve
risks and uncertainties. Actual results could differ materially from those
projected herein. The Company disclaims any obligation to update these
forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Active Control Technology
Jonathan Emanuel
905-670-5500
jemanuel@activecontrol.com
www.activecontrol.com

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