Mr. Mahesh Bhatia reports
ACL INTERNATIONAL LTD. INITIAL DISTRIBUTION OF SALE PROCEEDS
ACL International Ltd. has received payment for the balance of the purchase price payable for the sale of all of the shares of Anthony Clark Insurance Brokers Ltd. held by the corporation from Canada Brokerlink Inc., originally announced on May 1, 2014. The aggregate purchase price was approximately $13-million and on July 2, 2014, the corporation received $2,008,240, being the balance of the purchase price. Any further information relating to potential plans for the corporation will be provided in subsequent press releases as such information becomes available.
We seek Safe Harbor.
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