VAL D'OR, QUEBEC -- (Marketwired) -- 03/01/16 -- Active Growth Capital Inc. (TSX VENTURE: ACK) ("ACK" or the "Corporation") today reports that Mr. Eric Leboeuf ("Mr. Leboeuf"), an insider of the Corporation, has acquired, during the period of February 13, 2015 to February 29, 2016, beneficial ownership of common shares exceeding 2% of the outstanding common shares of the Corporation.
This reporting threshold was reached on February 29, 2016 with the acquisition of 90,000 common shares in the capital of the Issuer, acquired through the facilities of the TSXV Venture Exchange for investment purposes (the "Triggering Block"). In addition, since February 13, 2015, Mr. Leboeuf acquired, directly or indirectly, a total of 433,000 common shares in the capital of the Corporation 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 reserves the right to purchase additional securities of the Issuer or from time to time to dispose of any securities of the Issuer that he may own.
Following the Acquisition, Mr. Leboeuf holds, directly or indirectly, a total of 2,657,200 common shares, representing approximately 23.33% of the currently issued and outstanding common shares (or 3,657,000 common shares representing approximately 29.52% of the currently issued and outstanding common shares assuming all warrants held by Mr. Leboeuf are exercised and converted into common shares).
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.
Contacts:
Active Growth Capital Inc.
Marc Labrecque
President and CEO
(819) 825-0001
