Active Control Technology Announces Grant of Stock Options
December 02 2011 - 8:00AM
Marketwired
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(TM),
a new fully integrated wireless and/or fiber communications and
locating technology for underground coal mines, and
ActiveSecure(TM), 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.(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.
Contacts: Active Control Technology Jonathan Emanuel President
and CEO 416-315-1510jemanuel@powercart.comwww.activecontrol.com