Active Control Completes Private Placement Financing



    TSX-V: ACT

    Insiders and Employees Subscribe for a Total of $138,240

    TORONTO, Jan. 21 /CNW/ - Active Control Technology Inc. ("ACT" or the
"Company") (TSX-V:ACT) is pleased to announce that further to the press
releases dated January 6 and 16, 2009 regarding the swap with Mr. Richard
Hazell, Chairman of ACT together with additional subscriptions, that the
private placement has closed (the "Offering") for gross proceeds totaling
$568,320. The Company issued 9,472,000 units (each a "Unit") of ACT, at a
price of CDN$0.06 per Unit. Each Unit consists of one common share and
one-half of a common share purchase warrant exercisable for 24 months at $0.08
per share in the first year and $0.10 in the second year.
    The Company paid a finder's fee totaling $47,418 in cash and 68,500 units
in lieu of cash together with 858,800 Compensation Units to Aberdeen Gould
Capital Markets Ltd. ("AGC") as a finder. Each Compensation Unit entitles AGC
to purchase a Unit on the same terms as the Offering for two years from
Closing.
    The units issued from treasury and their underlying securities will be
restricted from trading until May 21, 2009. The funds received from this
private placement will be used for general working capital purposes.

    About Active Control Technology

    ACT designs and markets wireless network control and communication
systems for buildings and extreme environments. Located in Burlington,
Ontario, Canada, the company trades publicly on the TSX Venture Exchange under
the symbol ACT. For more information, visit the company's website at
www.activecontrol.com.

    
                         We make wireless work.(TM)

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.
    

    %SEDAR: 00007946E




For further information:

For further information: Steve Barrett, President & C.E.O., Active
Control Technology Inc., Tel.: (905) 670-5500 ext. 202, Fax: (905) 592-9691,
Email: sbarrett@activecontrol.com, Website: www.activecontrol.com

Organization Profile

ACTIVE CONTROL TECHNOLOGY INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890