WarrantsHi all,
I haven't posted anywhere in a long time, but noticed this release from Feb/09 - Look at the last paragraph.
Aside from current excitement about the emerging growth of ACT, there is great incentive for the co. to get the
shares moving much higher. If i understand this correctly, a price in excess of .266 for 10 consecutive days, means
some more $$$ for ACT and for us . Here's to the next big leg up!!
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Active applies to amend $0.90 warrants issued November 20072/18/2009 6:00 AM - Canada NewsWire
TORONTO, Feb. 18, 2009 (Canada NewsWire via COMTEX News Network) --
TSX-V: ACT
ActiveControl Technology Inc. ("ACT" or the "Company") (TSX-V:ACT) is pleasedto announce that it has reached an agreement with the common sharepurchase warrant holders (the "Warrant Holders") from the $0.50 Unitprivate placement dated November 13, 2007 to amend the strike price ofthe attached $0.90 warrants to $0.20.
The Company intends toamend the terms of 5,176,000 common share purchase warrants (the"Warrants") of the Corporation exercisable at $0.90 per share untilNovember 13, 2009 detailed in ACT's press releases dated November 2,2007 and November 16, 2007. The exercise price of the amended Warrants(the "Amended Warrants") is to be decreased to $0.20 per share and theexpiration date remains the same.
In accordance with thepolicies of the TSX Venture Exchange, the Amended Warrants also containan automatic "triggering event" whereby the exercise term isaccelerated to 30 days upon the trading price of the Company's commonshares exceeding $0.266 for 10 consecutive trading days. This willreduce the average cost base for these subscribers of the November 2007round to $0.35 per share upon exercise of the Amended Warrants.