|By Marketwired .||
|July 21, 2014 05:13 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 07/21/14 -- Active Control Technology Inc. (the "Company" or "Active Control") (TSX VENTURE:ACT) is pleased to announce that the majority of minority shareholders voting at the Annual General and Special Meeting of Shareholders of the Company (the "Annual Meeting") held today, approved the Going Private Transaction originally announced on May 22, 2014. Management intends to file articles of amalgamation on August 1, 2014 to effect the Going Private Transaction as disclosed in the Information Circular dated June 9, 2014 for the Annual Meeting which was filed on SEDAR and the Company's website. All other matters on the agenda for the Annual Meeting were approved.
About Active Control Technology
Active Control Technology is a provider in the design, manufacture and marketing of wireless and fiber network solutions for mine communications, mobile power solutions and the commercial security and access control industries. For more information, visit www.activecontrol.com.
Neither 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 or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The Company disclaims any obligation to update these forward-looking statements.
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