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Active Control reprices warrants to $0.25 in private placement

  //science-technology.news-articles.net/content/2 .. rices-warrants-to-0-25-in-private-placement.html
  Published in Science and Technology on Monday, June 8th 2009 at 13:46 GMT, Last Modified on 2009-06-08 13:47:01 by Market Wire

 TSX-V: ACT TORONTO, June 8 /CNW/ - Active Control Technology Inc. (TSX-V:ACT) announced today that it has repriced the warrants in its non-brokered private placement which was announced June 5, 2009. The private placement is for up to $1,100,000 of gross proceeds for the Company through the sale of up to 5,000,000 units (the "Units") of the Company at $0.22 per Unit. Each Unit will now consist of one (1) common share and one-half (1/2) of a common share purchase warrant ("Warrant") exercisable for 24 months at $0.25 per full Warrant. The net proceeds of the financing will be used for working capital purposes. 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 ]. Get more out of your mine.(TM) 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. %SEDAR: 00007946E 

For further information: Steve Barrett, President & CEO, Active Control Technology, Tel.: (905) 635-3130, Email: [ sbarrett@activecontrol.com ]; Media inquiries for ACT: Don Hogarth, Tel.: (416) 565-8920, Email: [ don@hogarthpr.com ]