Active Control Announces Consolidation of Outstanding Common Shares
17 Agosto 2011 - 9:00AM
Marketwired
Active Control Technology Inc. (TSX VENTURE: ACT) ("ACT" or the
"Company"), a leading provider in the design, manufacture and
marketing of both wireless and fiber network solutions for mine
communications, and the commercial security and access control
industries, announced today that, further to its press release of
August 12, 2011, it has filed Articles of Amendment to consolidate
the stock on the basis of one (1) post-consolidated common share
for each twenty (20) pre-consolidation common shares (the
"Consolidation").
Commencing Thursday, August 18, 2011, the common shares of the
Company will trade on a post-Consolidation basis on the TSX Venture
Exchange. The new CUSIP number for the Company's common shares
post-Consolidation is 004949400. The Company's trading symbol (ACT)
remains unchanged. Registered shareholders will receive a letter of
transmittal to exchange their original common shares for
post-Consolidation common shares. Beneficial shareholders will have
their accounts automatically adjusted.
The transaction with the shareholders of PowerCart Systems Inc.
("PowerCart") to acquire all of the issued and outstanding shares
of PowerCart for 5,834,833 post-Consolidation common shares of ACT,
referred to in the press release of August 12, 2011, is expected to
close next week.
About PowerCart
PowerCart is the original industry founder of mobile power
solutions with a legendary reputation for reliability and on-time
delivery with over 30,000 units sold. PowerCart continues to lead
the industry in design and innovation, for solutions requiring
backup and mobile power. PowerCart offers all of its solutions in
the retail, warehousing, courier and mining sectors with a
bumper-to-bumper one year warranty - the best in the industry.
PowerCart has locations in Mississauga, Ontario, Canada, and
Medina, Ohio, USA. For more information, visit
www.powercart.com.
About Active Control Technology
Active Control Technology is involved in the design, manufacture
and marketing of both wireless and fiber network solutions for mine
communications, and the commercial security and access control
industries. The Company has two product lines: ActiveMine™, a fully
integrated wireless and/or fiber communications and locating
technology for underground coal mines, and ActiveSecure™, a family
of wireless products for the access control industry. Located in
Burlington, Ontario, Canada, Active Control Technology trades
publicly on the TSX Venture Exchange under the symbol ACT. For more
information, visit www.activecontrol.com.
Get more out of your mine.™
Cautionary Note Regarding Forward-Looking Statements: This press
release contains forward-looking statements that involve risks and
uncertainties, which may cause actual results to differ materially
from the statements made. When used in this document, the words
"may", "would", "could", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" and similar expressions are
intended to identify forward-looking statements. Such statements
reflect our current views with respect to future events and, as
such, are subject to risks and uncertainties. Many factors could
cause our actual results to differ materially from the statements
made, including those factors discussed in filings made by us with
the Canadian securities regulatory authorities. Should one or more
of these risks and uncertainties, such as changes in demand for and
prices for the products of the Company or the materials required to
produce those products, labour relations problems, currency and
interest rate fluctuations, increased competition and general
economic and market factors, occur or should assumptions underlying
the forward looking statements prove incorrect, actual results may
vary materially from those described herein as intended, planned,
anticipated, or expected. We do not intend and do not assume any
obligation to update these forward-looking statements, except as
required by law. The reader is cautioned not to put undue reliance
on such forward-looking statements.
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.
Contacts: Active Control Technology Graham Warren President
& CEO 905-670-5500 gwarren@activecontrol.com
www.activecontrol.com PowerCart Systems Inc. Jonathan Emanuel
President & CEO 905-364-0050 jemanuel@powercart.com
www.powercart.com
(TSXV:ACT)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
(TSXV:ACT)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024