Aberdeen Gould Inc. (www.aberdeengould.com) has
successfully completed an over-subscribed private
placement financing for Active Control Technology Inc.
Active Control Technology Inc. (www.activecontrol.com) of
Mississauga, Ontario, is a publicly listed company trading on
the TSX Venture Exchange (symbol: ACT). The company
designs, manufactures and markets wireless radio frequency
(RF) devices on a private label basis for multi-national OEMs.
Applications are primarily in the global commercial security
and access control industries.
ACT’s current supply contract with Tyco Fire & Safety is for one
of its remote products, which is marketed as “ioProx” through
Kantech (a division of Tyco Fire & Security) on a North
American & European basis. The proceeds of the financing will
be used primarily for working capital to escalate the company’s
production capabilities and strengthen the balance sheet.
Aberdeen Gould (www.aberdeengould.com) is a Toronto-based
investment bank that provides equity and debt financing, as
well as merger and acquisition services to small and mid-market
private and public companies. It is a registered Limited Market
Dealer with the Ontario Securities Commission.