MONTREAL, QUEBEC--(Marketwire - July 26, 2012) - Active Growth Capital Inc. (the "Corporation")(TSX VENTURE:ACK) is pleased to announce to announce that it recently completed its initial work program on its wholly-owned Wachigabau and Currie-Madeleine properties. The Corporation expects to disclose the preliminary results shortly.
The Corporation is also please to announce that shareholders have approved all resolutions put forth at the Annual and Special Meeting of shareholders held in Montreal, Quebec on July 4, 2012 (the "AGM").
Shareholders elected Messrs. Martin Tremblay, Marc Labrecque, Fred A. C. Tejada, David Michaud and Maxime Lemieux as the Corporation's Board of Directors, Smythe Ratcliffe PKF, Chartered Accountants were re-appointed as auditors of the Corporation and the rolling share option plan was re-approved.
"We thank the Corporation's shareholders for their vote of confidence", stated Mr. Tremblay, President and Chief Executive Officer of the Corporation.
In addition, the shareholders approved the proposed continuance of the Corporation, which is currently governed by the Business Corporations Act (Ontario), under the Canadian Business Corporations Act and the name change to Landmore Resources Corp. The proposed continuance and the name change are subject to the approval of regulatory authorities, including the TSX Venture Exchange.
Further information regarding the continuance and the name change may be found in the Corporation's management information circular dated June 5, 2012, which is accessible on SEDAR at www.sedar.com.
The newly elected Board has confirmed Mr. Martin Tremblay to the position of President and Chief Executive Officer, Mr. Marc Labrecque to the position of Chief Financial Officer and Chairman and Mr. Maxime Lemieux as Corporate Secretary.
Mr. David Michaud recently advised the Corporation that he had to resign as director of the Corporation for personal reasons; the Corporation is currently seeking a suitable replacement.
About Active Growth Capital Inc.
Active Growth Capital Inc. is a TSX Venture Exchange 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 Company 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 or accuracy of this release. Statements in this release that are not historic facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking statements.