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Message: Active Control reprices warrants to $0.25 in private placement

Active Control reprices warrants to $0.25 in private placement

posted on Jun 08, 2009 01:08PM

Transmitted by CNW Group on : June 8, 2009 16:35

Active Control reprices warrants to $0.25 in private placement


TORONTO, June 8 /CNW/ - Active Control Technology Inc. (TSX-V:ACT)
announced today that it has repriced the warrants in its non-brokered private
placement which was announced June 5, 2009. The private placement is for up to
$1,100,000 of gross proceeds for the Company through the sale of up to
5,000,000 units (the "Units") of the Company at $0.22 per Unit. Each Unit will
now consist of one (1) common share and one-half (1/2) of a common share
purchase warrant ("Warrant") exercisable for 24 months at $0.25 per full
The net proceeds of the financing will be used for working capital

About Active Control Technology

Active Control Technology is a mining services company specializing in
advanced wireless productivity and safety systems. The company's MSHA-approved
ActiveMine system provides two-way wireless voice communication, real-time
tracking of personnel and assets, and high bandwidth data applications such as
streaming video and operational data from mining machinery, over a robust
wireless Wi-Fi network. Located in Burlington, Ontario, Canada, Active Control
trades publicly on the TSX Venture Exchange under the symbol ACT. For more
information, visit www.activecontrol.com.

Get more out of your mine.(TM)

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.

%SEDAR: 00007946E


/For further information: Steve Barrett, President & CEO, Active Control
Technology, Tel.: (905) 635-3130, Email: [email protected]; Media
inquiries for ACT: Don Hogarth, Tel.: (416) 565-8920, Email:
[email protected]/

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