Active Growth Capital

TSX VENTURE : ACK


July 18, 2013 12:10 ET

Active Growth Capital Announces Consolidation

VAL D'OR, QUEBEC--(Marketwired - July 18, 2013) - ACTIVE GROWTH CAPITAL INC. (TSX VENTURE:ACK) (the "Corporation") announces that the Corporation will give effect to the consolidation of its common shares on the basis of five (5) pre-consolidation common shares for one (1) post-consolidation common share and that the post-consolidation common shares will commence trading on the TSX Venture Exchange at the opening of markets on or about July 22, 2013 under the current symbol "ACK" and new CUSIP number 00507N206.

The Corporation's shareholders authorized the consolidation at the shareholders' special meeting held on July 18, 2013.

The 25,066,689 pre-consolidation common shares issued and outstanding will be consolidated into approximately 5,013,338 post-consolidation common shares. If, as a result of the consolidation, a shareholder would otherwise be entitled to a fraction of a post-consolidation common share, the number of post-consolidation common shares will be rounded to the nearest whole number. The Corporation's currently outstanding stock options and warrants will be adjusted on the same basis with proportionate adjustments being made to the stock option and warrant exercise prices.

Letters of transmittal will be mailed to the registered holders of its common shares, requesting that they forward their pre-consolidation common share certificates to the Corporation's transfer agent for exchange for new common share certificates representing their common shares on a post-consolidation basis.

About Active Growth Capital

Active Growth is a TSX listed junior mineral exploration issuer whose long-term objective is to build a diversified company focused on the acquisition, exploration and development of mineral properties. Additional information about the Corporation is available on SEDAR at www.sedar.com.

Neither the 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 news release.

Contact Information

  • Active Growth Capital
    Marc Labrecque
    Interim President and CEO and CFO
    (819) 825-0001