Financing details
posted on
Sep 29, 2009 06:34PM
We make wireless work.
I see that MGI Securities purchased 5,000,000 shares in this private placement....hmmm
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TSX Venture Exchange Daily Bulletins
VANCOUVER, Sept. 28 /CNW/ -
TSX VENTURE COMPANIES
ACTIVE CONTROL TECHNOLOGY INC. ("ACT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 28, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced August 13, 2009:
Number of Shares: 10,450,000 shares
Purchase Price: $0.10 per share
Warrants: 5,225,000 share purchase warrants to purchase
5,225,000 shares
Warrant Exercise Price: $0.125 for a two year period
Number of Placees: 40 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Jordan Zale P 30,000
MGI Securities Inc. P 5,000,000
Patrick Sheils P 200,000
PERRY + CURRIER INC. P 260,000
Finder's Fee: An aggregate cash commission of CDN$59,100 and
591,000 finders' warrants payable to Aberdeen
Gould Capital Markets Ltd., MGI Securities Inc.,
CIBC Wood Gundy and Leede Financial Markets Inc.
Each finder's warrant entitles the holder to
acquire one unit at $0.10 for a two year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue 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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Source: http://www.newswire.ca/en/releases/archive/September2009/28/c9602.html