The financing VAL D’OR, QC, November 24, 2016 / - Active Growth Capital Inc. (TSXV: ACK) to become Quantum Numbers Corp. (the "Corporation"), is pleased to announce the completion, effective November 23, 2016, of its proposed change of business (the "Transaction") pursuant to which it acquired the quantum random number generator technologies (the "Acquisition"), as more particularly described in the Corporation’s management information circular dated October 6,
2016 (the "Circular") and news releases dated August 4 and October 11, 2016.
ACK (Active Growth Capital) has also closed the concurrent private placement financing (the "Concurrent Financing") of 22,966,000 units ("Units") at a price of $0.05 per Unit for gross proceeds of $1,148,300. Each Unit comprised of one common shares (each a "Share") of the Corporation and one Share
purchase warrant, each entitling the holder to purchase one additional
Share at a price of $0.10 until November 23, 2017
All of the securities issued pursuant to the Concurrent Financing and the Acquisition, including the Finder’s Shares and any shares issued pursuant to the exercise of the warrants forming part of the units, the finder warrants or the options, are subject to a hold period until March 24, 2017.
A week from this friday 23M shares become free trading. They financed at .05 and a warrant at .10 until Nov 23, 2017. If it were me, I would hold until the stock moves up. Does everybody unload when the shares become free trading? Who knows. I wouldn't