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Message: Financing details

Financing details

posted on Sep 29, 2009 06:34PM

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

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