Active Control closes $1,019,000 private placement financing

TSX-V: ACT

TORONTO, Aug. 25 /CNW/ - Active Control Technology Inc. ("ACT" or the "Company") (TSX-V: ACT.V) is pleased to announce that further to the press release dated August 13, 2009 regarding the swap with Mr. Richard Hazell, Chairman of ACT, the private placement (the "Offering") has closed today for gross proceeds totalling $1,019,000, including $419,000 of additional subscriptions. The Company issued 10,190,000 units (each a "Unit") of ACT, at a price of CDN$0.10 per Unit. Each Unit consists of one common share and one-half of a common share purchase warrant exercisable for 24 months at $0.125 per share.

The Company paid a finder's fee totaling $59,100 in cash together with 591,000 Compensation Units to Aberdeen Gould Capital Markets Ltd. ("AGCM") as a finder. Each Compensation Unit entitles AGCM to purchase a Unit on the same terms as the Offering for two years from Closing.

The Units issued will be restricted from trading until at least December 21, 2009. The funds received from this private placement will be used for general working capital purposes.

The Company has decided not to proceed with the revolving loan facility as outlined in its press release dated June 17, 2009, and will pursue alternative arrangements for an operating facility.

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.

    
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Contacts

Steve Barrett
President & C.E.O.
Active Control Technology Inc.
Tel.: (905) 635-3130
Fax: (905) 592-9691
Email: [email protected]
Website: www.activecontrol.com