VAL D'OR, QUEBEC--(Marketwired - Feb. 13, 2015) - ACTIVE GROWTH CAPITAL INC. (TSX VENTURE:ACK) (the "Corporation") (www.activegrowthcapital.com) today reports that in connection with the previously announced private placement, Mr. Éric Leboeuf ("Mr. Leboeuf"), an insider of the Corporation, acquired ownership of 1,000,000 units of the Issuer (each a "Unit"), each Unit is comprised of one (1) common share of the Issuer (each a "Common Share") and one (1) warrant of the Issuer (each a "Warrant"). Each Warrant entitles Leboeuf to acquire one additional Common Share of the Issuer at a purchase price of 0.10 per share until February 13, 2017.
The 1,000,000 Units acquired by Mr. Leboeuf, comprised of 1,000,000 Common Shares and 1,000,000 Warrants (the "Acquired Securities") (assuming all 1,000,000 Warrants held by Mr. Leboeuf are exercised and converted into Common Shares) represent approximately 17.96% of the issued and outstanding Common Shares of the Issuer as at February 13, 2015.
Following the acquisition of the Acquired Securities, Mr. Leboeuf holds, directly or indirectly, 2,134,200 Common Shares, representing approximately 21.05% of the currently issued and outstanding Common Shares (or 3,374,200 Common Shares representing approximately 28.14% of the currently issued and outstanding common shares assuming all warrants held by Mr. Leboeuf are exercised and converted into common shares)
The Acquired Securities were acquired for investment purposes. Mr. Leboeuf may from time to time acquire additional securities of the Corporation, dispose of some or all of the securities of the Corporation or maintain its current securities position in the Corporation.
This press release is being issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers which requires a report to be filed under the Corporation's profile on SEDAR (www.sedar.com) containing additional information respecting the foregoing matters.
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.