Anthony Clark Intl (ACKBF) 0.2803 $ACKBF
Anthony Clark - Closing of Sale of Anthony Clark Insurance Brokers Ltd., Transfer to NEX and Name Change
Filing Services Canada - Thu May 01, 2:25PM CDT
ANTHONY CLARK INTERNATIONAL INSURANCE BROKERS LTD. (TSX Venture Exchange: ACL) (the "Corporation"
announces that it has closed the sale of all of the shares of Anthony Clark Insurance Brokers Ltd. held by the Corporation to Canada Brokerlink Inc. ("Brokerlink" for cash consideration of approximately CAN$13,000,000 ("Sale Transaction", less certain adjustments. As reported in the Corporation's management information circular dated March 17, 2014, the Corporation intends to use the sale proceeds from the Sale Transaction to pay certain liabilities estimated to be between $9,200,000 to $9,600,000. It is anticipated that the remaining sale proceeds will be paid to shareholders in two or more payments and that the initial distribution of sales proceeds to shareholders will be made thirty (30) to sixty (60) days after the date of this news release.
TSX Venture Exchange Daily Bulletins
CNW Group - Wed Apr 30, 3:57PM CDT
TSX VENTURE COMPANIES:
Anthony Clark - Share Purchase Agreement and Shareholder Approval of Sale Transaction, Potential Delisting and Winding Up
Filing Services Canada - Wed Apr 16, 11:15AM CDT
Anthony Clark International Insurance Brokers Ltd. (ACL - TSX Venture),(the "Corporation" announces that further to previous press releases dated March 13, 2014 and April 8, 2014, the Corporation has entered into a share purchase agreement with Canada Brokerlink Inc. for the sale of all of the shares of Anthony Clark Insurance Brokers Ltd. held by the Corporation for cash consideration of approximately CAN$13,000,000 ("Sale Transaction", subject to adjustment in certain circumstances. The shareholders of the Corporation have approved: (i) the Sale Transaction, which represents the sale of all or substantially all of the Corporation's assets; (ii) the delisting of the Corporation from the TSX Venture Exchange ("Exchange" or, in the alternative, the transfer of the listing of the Corporation's shares to the NEX Board of the Exchange ("De-Listing" and (iii) the potential liquidation and dissolution of the Corporation (the "Winding Up".
IIROC Trade Resumption - Anthony Clark International Insurance Brokers Ltd.
Newsfile Corp - Wed Apr 09, 3:22PM CDT
Trading resumes in:
Clarification Of Sale Of Assets At The Request Of The Tsx Venture Exchange And Resumption To Trading
Filing Services Canada - Tue Apr 08, 2:28PM CDT
Anthony Clark International Insurance Brokers Ltd. (ACL - TSX Venture)(ACKBF - OTCBB), Pursuant to the Press Releases dated March 4, 2014 and March 13, 2014 the Corporation wishes to provide further details regarding the sale of its assets in Virginia, U.S.A and the trading halt on the Corporation's securities. As previously announced on March 4, 2014, the Corporation's United States subsidiaries Addison York Insurance Brokers Ltd. and American Edge Insurance Services Ltd. ("Subsidiaries" sold all of their assets to Direct General Agency of Tennessee Inc. ("Direct", pursuant to the terms of the an asset purchase agreement dated March 3, 2014, for cash consideration of US$3,050,000. The assets sold to Direct include all the Subsidiaries rights, title and interest in its automobile insurance and ancillary insurance and non-insurance products, customer accounts, office and equipment leases, trademarks, business contracts, goodwill, inventory and all personal property located in Virginia, U.S.A ("US Asset". The net proceeds of the sale transaction were used to pay down the Corporation's liabilities, specifically the US notes payable in the amount of US$2,980,000. There remains a balance of US$645,000 outstanding on the US Notes Payable. The Corporation and Direct are arm's length parties and the sale transaction is not a related party transaction. With the sale of the Subsidiaries assets the Corporation no longer has operations in the United States. The sale of the US Asset is not subject to shareholder approval but is subject to the approval of the TSX Venture Exchange ("Exchange".
Anthony Clark International Insurance Brokers Ltd. to Liquidate and Dissolve the Corporation:
Filing Services Canada - Thu Mar 13, 5:52PM CDT
Anthony Clark International Insurance Brokers Ltd. (ACL - TSX Venture),("Corporation" announces that it has entered into a binding letter of intent with Canada Brokerlink Inc. ("Brokerlink" under which it has agreed to sell all of its shares in Anthony Clark Insurance Brokers Ltd. ("Insurance" for cash consideration of approximately $13,000,000 (Canadian Currency), before repayment of certain senior debt and adjustments. Brokerlink is an Alberta-based insurance brokerage and an affiliate of Intact Insurance Company. The Corporation and Brokerlink are arm's length parties.
IIROC Trade Halt - Anthony Clark International Insurance Brokers Ltd.
Newsfile Corp - Thu Mar 06, 7:16AM CST
The following issues have been halted by IIROC:
Anthony Clark- Sale of Virginia Agency
Filing Services Canada - Tue Mar 04, 3:39PM CST
Anthony Clark International Insurance Brokers Ltd. (ACL - TSX Venture),announces the sale by its United States subsidiaries Addison York Insurance Brokers Ltd. and American Edge Insurance Services Ltd. of their customer accounts and fixed assets. With the sale of the Virginia Agency the Company no longer has operations in the US. The net proceeds from the sale were used to pay down the US notes payable.
Anthony Clark announces voluntary delisting from OTCQX
M2 - Tue Dec 10, 4:38AM CST
Anthony Clark International Insurance Brokers Ltd (TSX Venture Exchange: ACL) (OTCQX:ACKBF), a general insurance broker in Canada and the US, stated on Monday that both have decided to voluntarily delist from the OTCQX due to low trading volume.
Anthony Clark to Delist from OTCQX
Business Wire - Mon Dec 09, 3:49PM CST
ANTHONY CLARK INTERNATIONAL INSURANCE BROKERS LTD. (TSX Venture Exchange: ACL; OTCQX: ACKBF) (the "Corporation".
Anthony Clark forms Special Committee
Filing Services Canada - Wed Nov 13, 3:53PM CST
Anthony Clark International Insurance Brokers Ltd. (ACL - TSX Venture, ACKBF - OTCQX),(the "Corporation".
Anthony Clark announces initiation of process for strategic alternatives process
M2 - Thu Sep 12, 8:32AM CDT
Anthony Clark International Insurance Brokers Ltd (TSX: ACL) (OTCQX:ACKBF), a general insurance broker, has begun a process to explore and evaluate potential strategic alternatives to improve shareholder value, it stated on Wednesday.
Anthony Clark- Strategic Alternatives Process
Business Wire - Wed Sep 11, 4:23PM CDT
ANTHONY CLARK INTERNATIONAL INSURANCE BROKERS LTD. (TSX Venture Exchange: ACL; OTCQX: ACKBF) (the "Corporation" announces that it has initiated a process to explore and evaluate potential strategic alternatives with a view to enhancing shareholder value. There are no assurances that the Company will be able to identify a suitable transaction or that if the Company does identify a transaction, it will be able to successfully complete the transaction. Completion of a suitable transaction will be subject to a number of conditions including potentially shareholder and regulatory approval. The Company does not have a potential transaction contemplated at this time.
Anthony Clark- Normal Course Issuer Bid
Business Wire - Tue May 14, 12:12PM CDT
ANTHONY CLARK INTERNATIONAL INSURANCE BROKERS LTD. (TSX Venture Exchange: ACL; OTCQX: ACKBF (the "Corporation" announces that it has made application for the necessary regulatory approval from the TSX Venture Exchange (the "Exchange" to make a normal course issuer bid.
Anthony Clark - Restructuring and Extension of US$ 1.2 Million Note
Filing Services Canada - Wed Mar 20, 11:10AM CDT
Anthony Clark International Insurance Brokers Ltd. (ACL - TSX Venture, ACKBF - OTCQX), (the "Corporation" announces that the Company and the U.S. lender have agreed to the terms for restructuring the U.S. $1,200,000 note payable, whereby the existing note was cancelled and restructured for cash and a new note. Under the new promissory note, the Company will make six principal payments of U.S. $25,000 (April 15, 2013, September 1, 2013, January 2, 2014, June 1, 2014, September 1, 2014, and January 2, 2015) with the remaining balance maturing on June 1, 2015. Interest only payments at 12% per annum continue on the unpaid balance until maturity of the loan. In addition, the Company paid a US $25,000 fee to the lender related to this transaction.
Anthony Clark - Closing of Sale of Anthony Clark Insurance Brokers Ltd., Transfer to NEX and Name Change
Filing Services Canada - Thu May 01, 2:25PM CDT
ANTHONY CLARK INTERNATIONAL INSURANCE BROKERS LTD. (TSX Venture Exchange: ACL) (the "Corporation"
announces that it has closed the sale of all of the shares of Anthony Clark Insurance Brokers Ltd. held by the Corporation to Canada Brokerlink Inc. ("Brokerlink" for cash consideration of approximately CAN$13,000,000 ("Sale Transaction", less certain adjustments. As reported in the Corporation's management information circular dated March 17, 2014, the Corporation intends to use the sale proceeds from the Sale Transaction to pay certain liabilities estimated to be between $9,200,000 to $9,600,000. It is anticipated that the remaining sale proceeds will be paid to shareholders in two or more payments and that the initial distribution of sales proceeds to shareholders will be made thirty (30) to sixty (60) days after the date of this news release. TSX Venture Exchange Daily Bulletins
CNW Group - Wed Apr 30, 3:57PM CDT
TSX VENTURE COMPANIES:
Anthony Clark - Share Purchase Agreement and Shareholder Approval of Sale Transaction, Potential Delisting and Winding Up
Filing Services Canada - Wed Apr 16, 11:15AM CDT
Anthony Clark International Insurance Brokers Ltd. (ACL - TSX Venture),(the "Corporation"
announces that further to previous press releases dated March 13, 2014 and April 8, 2014, the Corporation has entered into a share purchase agreement with Canada Brokerlink Inc. for the sale of all of the shares of Anthony Clark Insurance Brokers Ltd. held by the Corporation for cash consideration of approximately CAN$13,000,000 ("Sale Transaction", subject to adjustment in certain circumstances. The shareholders of the Corporation have approved: (i) the Sale Transaction, which represents the sale of all or substantially all of the Corporation's assets; (ii) the delisting of the Corporation from the TSX Venture Exchange ("Exchange" or, in the alternative, the transfer of the listing of the Corporation's shares to the NEX Board of the Exchange ("De-Listing" and (iii) the potential liquidation and dissolution of the Corporation (the "Winding Up". IIROC Trade Resumption - Anthony Clark International Insurance Brokers Ltd.
Newsfile Corp - Wed Apr 09, 3:22PM CDT
Trading resumes in:
Clarification Of Sale Of Assets At The Request Of The Tsx Venture Exchange And Resumption To Trading
Filing Services Canada - Tue Apr 08, 2:28PM CDT
Anthony Clark International Insurance Brokers Ltd. (ACL - TSX Venture)(ACKBF - OTCBB), Pursuant to the Press Releases dated March 4, 2014 and March 13, 2014 the Corporation wishes to provide further details regarding the sale of its assets in Virginia, U.S.A and the trading halt on the Corporation's securities. As previously announced on March 4, 2014, the Corporation's United States subsidiaries Addison York Insurance Brokers Ltd. and American Edge Insurance Services Ltd. ("Subsidiaries"
sold all of their assets to Direct General Agency of Tennessee Inc. ("Direct", pursuant to the terms of the an asset purchase agreement dated March 3, 2014, for cash consideration of US$3,050,000. The assets sold to Direct include all the Subsidiaries rights, title and interest in its automobile insurance and ancillary insurance and non-insurance products, customer accounts, office and equipment leases, trademarks, business contracts, goodwill, inventory and all personal property located in Virginia, U.S.A ("US Asset". The net proceeds of the sale transaction were used to pay down the Corporation's liabilities, specifically the US notes payable in the amount of US$2,980,000. There remains a balance of US$645,000 outstanding on the US Notes Payable. The Corporation and Direct are arm's length parties and the sale transaction is not a related party transaction. With the sale of the Subsidiaries assets the Corporation no longer has operations in the United States. The sale of the US Asset is not subject to shareholder approval but is subject to the approval of the TSX Venture Exchange ("Exchange". Anthony Clark International Insurance Brokers Ltd. to Liquidate and Dissolve the Corporation:
Filing Services Canada - Thu Mar 13, 5:52PM CDT
Anthony Clark International Insurance Brokers Ltd. (ACL - TSX Venture),("Corporation"
announces that it has entered into a binding letter of intent with Canada Brokerlink Inc. ("Brokerlink" under which it has agreed to sell all of its shares in Anthony Clark Insurance Brokers Ltd. ("Insurance" for cash consideration of approximately $13,000,000 (Canadian Currency), before repayment of certain senior debt and adjustments. Brokerlink is an Alberta-based insurance brokerage and an affiliate of Intact Insurance Company. The Corporation and Brokerlink are arm's length parties. IIROC Trade Halt - Anthony Clark International Insurance Brokers Ltd.
Newsfile Corp - Thu Mar 06, 7:16AM CST
The following issues have been halted by IIROC:
Anthony Clark- Sale of Virginia Agency
Filing Services Canada - Tue Mar 04, 3:39PM CST
Anthony Clark International Insurance Brokers Ltd. (ACL - TSX Venture),announces the sale by its United States subsidiaries Addison York Insurance Brokers Ltd. and American Edge Insurance Services Ltd. of their customer accounts and fixed assets. With the sale of the Virginia Agency the Company no longer has operations in the US. The net proceeds from the sale were used to pay down the US notes payable.
Anthony Clark announces voluntary delisting from OTCQX
M2 - Tue Dec 10, 4:38AM CST
Anthony Clark International Insurance Brokers Ltd (TSX Venture Exchange: ACL) (OTCQX:ACKBF), a general insurance broker in Canada and the US, stated on Monday that both have decided to voluntarily delist from the OTCQX due to low trading volume.
Anthony Clark to Delist from OTCQX
Business Wire - Mon Dec 09, 3:49PM CST
ANTHONY CLARK INTERNATIONAL INSURANCE BROKERS LTD. (TSX Venture Exchange: ACL; OTCQX: ACKBF) (the "Corporation"
. Anthony Clark forms Special Committee
Filing Services Canada - Wed Nov 13, 3:53PM CST
Anthony Clark International Insurance Brokers Ltd. (ACL - TSX Venture, ACKBF - OTCQX),(the "Corporation"
. Anthony Clark announces initiation of process for strategic alternatives process
M2 - Thu Sep 12, 8:32AM CDT
Anthony Clark International Insurance Brokers Ltd (TSX: ACL) (OTCQX:ACKBF), a general insurance broker, has begun a process to explore and evaluate potential strategic alternatives to improve shareholder value, it stated on Wednesday.
Anthony Clark- Strategic Alternatives Process
Business Wire - Wed Sep 11, 4:23PM CDT
ANTHONY CLARK INTERNATIONAL INSURANCE BROKERS LTD. (TSX Venture Exchange: ACL; OTCQX: ACKBF) (the "Corporation"
announces that it has initiated a process to explore and evaluate potential strategic alternatives with a view to enhancing shareholder value. There are no assurances that the Company will be able to identify a suitable transaction or that if the Company does identify a transaction, it will be able to successfully complete the transaction. Completion of a suitable transaction will be subject to a number of conditions including potentially shareholder and regulatory approval. The Company does not have a potential transaction contemplated at this time. Anthony Clark- Normal Course Issuer Bid
Business Wire - Tue May 14, 12:12PM CDT
ANTHONY CLARK INTERNATIONAL INSURANCE BROKERS LTD. (TSX Venture Exchange: ACL; OTCQX: ACKBF
(the "Corporation" announces that it has made application for the necessary regulatory approval from the TSX Venture Exchange (the "Exchange" to make a normal course issuer bid. Anthony Clark - Restructuring and Extension of US$ 1.2 Million Note
Filing Services Canada - Wed Mar 20, 11:10AM CDT
Anthony Clark International Insurance Brokers Ltd. (ACL - TSX Venture, ACKBF - OTCQX), (the "Corporation"
announces that the Company and the U.S. lender have agreed to the terms for restructuring the U.S. $1,200,000 note payable, whereby the existing note was cancelled and restructured for cash and a new note. Under the new promissory note, the Company will make six principal payments of U.S. $25,000 (April 15, 2013, September 1, 2013, January 2, 2014, June 1, 2014, September 1, 2014, and January 2, 2015) with the remaining balance maturing on June 1, 2015. Interest only payments at 12% per annum continue on the unpaid balance until maturity of the loan. In addition, the Company paid a US $25,000 fee to the lender related to this transaction. 
