Active Growth Capital Inc.
TSX VENTURE : ACK

September 02, 2011 15:14 ET

Active Growth Capital Commences Work Program on Bohan and Grants Options

MONTREAL, QUEBEC--(Marketwire - Sept. 2, 2011) - Active Growth Capital Inc. (TSX VENTURE:ACK) is pleased to announce that an exploration program has begun for the Bohan Property located 20km northeast of Creston in the East Kootenay region of British Columbia. The program has been separated into three phases with each subsequent phase being conditional on favourable results from the preceding phase.

The property is prospective for Pb/Zn SEDEX and Manto style replacement mineralization. Phase I diamond drilling program is targeting a, previously un-tested, coincident lead & zinc soil anomaly. Supported by helicopter, the program is planned for 600m of drilling in 3 holes, and expected to take 10 days to complete. The property is favorably located with respect to power and rail infrastructure. TerraLogic Exploration Inc., based out of Cranbrook, B.C., is operating the project on behalf of the Corporation.

If results of this exploration program are positive, information collected will be used to identify new targets for more diamond drilling.

Technical aspects of this news release are approved by Dave Pighin, P.Geo. hereby identified under NI 43-101 as a "Qualified Person".

Options

The Corporation also announces that it has granted incentive stock options to certain directors and officers of the Corporation to purchase up to 900,000 common shares in the capital of the Corporation (the "Shares") pursuant to an approved share option plan. The options are exercisable at a price of $0.16 per Share and have a term of five years. The grant of options is subject to TSX Venture Exchange approval ("TSXV").

Acquisition

The Corporation also wishes to announce that the TSXV approved the Corporation's acquisition disclosed in its June 13, 2011 press release.

About Active Growth Capital

Active Growth is a TSX Venture Exchange 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 Company is available on SEDAR at www.sedar.com.

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this news release containing words such as "believes", "plans", "expects" or "intends" and other statements that are not historical facts are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

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

  • Martin Tremblay
    President and CEO
    514-508-1440