VAL D'OR, QUEBEC--(Marketwired - Oct. 16, 2014) - Active Growth Capital Inc. (TSX VENTURE:ACK) ("ACK" or the "Corporation") today reports that since August 15, 2013, Mr. Éric Leboeuf ("Mr. Leboeuf"), a major shareholder of the Corporation, has acquired beneficial ownership of common shares exceeding 2% of the outstanding common shares of ACK. This reporting threshold was reached on October 10, 2014 with the acquisition of 57,000 common shares in the capital of ACK acquired through the facilities of the TSXV Venture Exchange for investment purposes (the "Triggering Block"). In addition, since August 15, 2013, Mr. Leboeuf acquired, directly or indirectly, a total of 93,000 common shares in the capital of ACK at an average price of $0.118 through the facilities of the TSXV Venture Exchange for investment purposes (the "Open Market Shares") (the Triggering Block and the Open Market Shares collectively referred to as the "Acquisition"). Mr. Leboeuf effected the Acquisition of common shares at an average price of $0.118 for investment purposes. Mr. Leboeuf currently intends to acquire additional securities of the Corporation through a $75,000 investment in the unit private placement offering detailed in ACK press release dated September 30, 2014 and reserves the right to purchase additional securities of ACK or from time to time to dispose of any securities of ACK that he may own.
Following the Acquisition, Mr. Leboeuf holds, directly or indirectly, a total of 1,134,200 common shares, representing approximately 22.62% of the currently issued and outstanding common shares (or 1,374,200 common shares representing approximately 26.11% of the currently issued and outstanding common shares assuming all warrants and stock options held by Mr. Leboeuf are exercised and converted into common shares).
An Early Warning Report respecting the Acquisition will be filed electronically on the Company's SEDAR profile, available at www.sedar.com.
Mr. Leboeuf has provided the above information to the Corporation for inclusion in this news release.
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 of this release.