Active Growth Capital Inc.
TSX VENTURE : ACK.P

April 03, 2009 16:52 ET

Active Growth Capital Inc. Announces Termination of Qualifying Transaction

TORONTO, ONTARIO--(Marketwire - April 3, 2009) - Active Growth Capital Inc. (the "Company") (TSX VENTURE:ACK.P) announces that it has formally terminated the securities exchange agreement entered into between and among the Company, Leaders Energy Holding Co., Limited ("Leaders"), Leaders Investments (HK) Co., Limited, Chongqing Zhonglian Development Coal Co., Limited and Xin Li, to acquire all of the issued and outstanding shares of Leaders.

The Company has also withdrawn the related Non-Offering Preliminary Prospectus dated December 30, 2008 in each of Ontario, Alberta and British Columbia (being all of the jurisdictions in which it was filed).

The Company is continuing to pursue and review other businesses and assets with a view to completing a qualifying transaction and listing on the TSX Venture Exchange.

For additional information about Active Growth please refer to the Company's profile on www.sedar.com.

Cautionary Statement 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 and accuracy of this release.

Contact Information

  • Active Growth Capital Inc.
    Kenny Wan
    Chief Executive Officer
    905-305-8089
    Kenny@kennywan.ca