Science & Technology
Science and Technology
Science and Technology
Fri, December 2, 2011 Active Control Technology Announces Grant of Stock Options
December 02, 2011 08:00 ET
Active Control Technology Announces Grant of Stock Options
TORONTO, ONTARIO--(Marketwire - Dec. 2, 2011) - Active Control Technology Inc. (TSX VENTURE:ACT) announced today that an aggregate of 1,215,000 options to purchase common shares of the Corporation at $0.10 per share for five (5) years were granted to two (2) executive officers, six (6) directors and fourteen (14) employees of the Corporation. The options are subject to vesting over a twelve month period.
The grants are subject to acceptance by the TSX Venture Exchange.
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 Corporation has two product lines: ActiveMine™, a new 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. The Corporation has recently acquired 100% of Powercart Systems Inc., a manufacturer of mobile power solutions in the retail, warehousing, courier, and mining industries. 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.™
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.
