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Enter Symbol
or Name
USA
CA



ACT Aurora Control Technologies Corp
Symbol ACU
Shares Issued 25,886,853
Close 2014-08-19 C$ 0.40
Market Cap C$ 10,354,741
Recent Sedar Documents

ACT Aurora Control boosts placement to $1.36-million

2014-08-20 14:30 ET - News Release

Mr. Gordon Deans reports

ACT AURORA CONTROL TECHNOLOGIES CORP. ANNOUNCES INCREASE IN PRIVATE PLACEMENT

ACT Aurora Control Technologies Corp. has increased its previously announced non-brokered private placement of up to 2.7 million units at a price of 37 cents per unit for total gross proceeds of up to $1-million to 3,695,000 units for total gross proceeds of $1,367,150.

Each unit will consist of one common share and one-half of one share purchase warrant, with each warrant entitling the holder to purchase one additional share for a period of 18 months at a price of 50 cents per warrant share.

The company will be paying a finder's fee consisting of a cash fee of 7 per cent and finders' warrants to purchase shares equal to 7 per cent of the units placed at a price of 37 cents for 18 months.

All securities will be subject to a four-month hold period. All funds will be used for general working capital purposes.

Completion of the private placement is subject to the approval of the TSX Venture Exchange.

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