Acl International Ltd (ACKBF) 0.0741 $ACKBF
ACL International Announces Private Placement
Filing Services Canada XHTML - Tue Aug 18, 9:44AM CDT
ACL.VN: 0.100 (unch)
Director Appointment
Filing Services Canada XHTML - Mon Aug 10, 2:50PM CDT
ACL.VN: 0.100 (unch)
Business Update and Early Warning Reports
Filing Services Canada - Mon Jul 20, 1:51PM CDT
Business Update and Early Warning Reports Calgary, Alberta (FSCwire) - ACL International Ltd. ("ACL" or the "Company"
today reported a business update and early warning reports for BSIH Ltd. and Mr. Mohammad Fazil. BUSINESS UPDATE The Company recently completed two acquisitions of oil and gas assets in the prolific Indonesian North Sumatra basin: Langsa TAC 50% working interest and operatorship of the Langsa TAC concession located offshore, North Sumatra, Indonesia. The concession is located 150 km offshore and encompasses an area of 77 square kms in 300 feet of water depth. Initially discovered by Mobil, its current gross production is approximately 1350 BOPD. South Block A (SBA) 38.25% working interest and operatorship of the Production Sharing Contract referred to as South Block A. The assets consist of an aggregate 2,105 square kilometres of exploration acreage and are surrounded by oil and gas fields in the prolific North Sumatra basin. The assets also include 180 km of 2-D seismic, 50 square km of 3-D seismic and four exploratory wells. South Block A lies in the North Sumatra basin, which is one of the most productive hydrocarbon provinces in Indonesia with over 80 known oil and gas fields. EARLY WARNING REPORTS Pursuant to the closing of the acquisition of the assets of Blue Sky Langsa Ltd. (BSL) on June 10, 2015, Mr. Mohammad Fazil has acquired, directly, 11,300,000 common shares of ACL (Shares). The Shares were acquired pursuant to the terms of an asset purchase agreement between ACL and BSL dated March 13, 2015, as further described in the Filing Statement of ACL filed on SEDAR on June 1, 2015. The Shares were acquired at a deemed price of $0.12 per share for investment purposes. Mr. Fazil may in the future acquire additional shares in the Company, if deemed appropriate to do so in his sole discretion. Following the acquisition, Mr. Fazil owns directly or indirectly and exercises control over 11,300,000 common shares of ACL, representing approximately 12.3% of the Company's issued and outstanding common shares. Mr. Fazil also holds options entitling him to purchase an aggregate of 3,000,000 common shares of ACL upon exercise of the options, bringing his total ownership to 14,300,000 common shares or approximately 15.1% of ACL's issued and outstanding common shares on a partially diluted basis. Mr. Fazil is also the President and a director of BSIH Ltd. (BSIH), which received 61,571,667 common shares of the Company pursuant to the Transaction. Mr. Fazil is not a beneficial owner of any of the BSIH shares. Following the acquisition, BSIH owns directly or indirectly and exercises control over 61,571,667 common shares of ACL, representing approximately 67.3% of the Company's issued and outstanding common shares. The above information has been provided to the Company by Mr. Fazil and BSIH for inclusion in this news release. An Early Warning Report respecting the acquisitions will be filed electronically on the Company's SEDAR profile. Shares of ACL trade on the TSX Venture Exchange under the symbol "ACL". FOR FURTHER INFORMATION, PLEASE CONTACT: ACL International Ltd. Mohammad Fazil, President and CEO Telephone: +1 (403) 613-7310 Statements in this press release may contain forward-looking information including, operating costs, administrative costs, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward looking statements. Forward-looking statements are often identified by terms such as may, should, anticipate, expects and similar expressions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of ACL. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release, and ACL does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law. THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM. 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. Mr. Tony Consalvo President and CEO (403) 225-5100 tony.consalvo@aclarkinsurance.com Source: ACL International Ltd. (TSX Venture:ACL.H, NEX:ACL.H) www.acinternational.ca Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
TSX Venture Exchange Daily Bulletins
CNW Group - Wed Jul 15, 9:25PM CDT
TSX VENTURE COMPANIES
IIROC Trading Resumption - ACL
CNW Group - Tue Jun 30, 3:11PM CDT
Trading resumes in:
ACL.VN: 0.100 (unch)
IIROC Trade Resumption - ACL International Ltd.
Newsfile Corp - Tue Jun 30, 3:07PM CDT
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ACL Announces Closing of Acquisition of Indonesian Oil and Gas Assets
ACCESSWIRE - Mon Jun 15, 8:23AM CDT
CALGARY, AB / ACCESSWIRE / June 15, 2015 / ACL International Ltd. (TSXV: ACL.H) ("ACL" or the "Corporation" is pleased to announce that it has completed its acquisition of a 50% working interest in a Technical Assistance Contract for a block referred to as "Langsa TAC" (the "Assets" located offshore, North Sumatra, Indonesia, from Blue Sky Langsa Ltd ("BSL" (the "Transaction" . Subject to final Exchange acceptance, the Transaction will be deemed a change of business (COB) and constitute a reactivation of the Corporation pursuant to Policy 5.2 of the TSX Venture Exchange (the "Exchange" and will enable the Corporation to list for trading on the Exchange as a Tier 1 Oil and Gas Exploration Issuer.
ACL-H.VN: ()
ACL International Ltd. Announces Update to Acquisition of Assets in Indonesia
Filing Services Canada XHTML - Mon Jun 08, 4:04PM CDT
ACL International Ltd. Announces Signing of Amended and Restated Purchase Agreement for Acquisition of Assets in Indonesia
Filing Services Canada XHTML - Thu May 07, 6:56AM CDT
ACL International Ltd. Announces Signing of Purchase and Sale Agreement for Assets in Indonesia and Retains Sponsor
Filing Services Canada - Tue Mar 17, 4:17PM CDT
ACL International Ltd. Announces Signing of Purchase and Sale Agreement for Assets in Indonesia and Retains Sponsor Calgary, Alberta (FSCwire) - Further to the announcement on February 2, 2015, ACL INTERNATIONAL LTD. (Trading Symbol: ACL.H) (Corporation) is pleased to advise that, effective March 13, 2015, it has entered into an asset purchase and sale agreement with Blue Sky Langsa Ltd. (BSL), pursuant to which the Corporation has agreed to acquire a 47% interest in a Technical Assistance Contract for a block referred to as Langsa TAC located offshore, North Sumatra, Indonesia as of an effective date of January 1, 2015 from BSL for the purchase price of $9,167,785 (Transaction). The Corporation has paid a deposit in the amount of $100,000 and the remainder of the purchase price will be satisfied by the issuance of 75,564,875 common shares in the capital of the Corporation. If the Transaction does not close for any reason, the deposit will be fully refunded to the Corporation. The closing of the Transaction is scheduled to take place on May 30, 2015 or such other date as agreed upon by the vendor and purchaser. The Corporation intends that the Transaction will be deemed a change of business ("COB" and constitute a reactivation of the Corporation pursuant to Policy 5.2 of the TSX Venture Exchange (Exchange) and enable the Corporation to list for trading on the Exchange. Completion of the Transaction is subject to a number of conditions, including Exchange acceptance and Shareholder approval. The Transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all. A news release will be issued once the Management Information Circular has been filed as required pursuant to Exchange policies. Loan In addition, the Corporation has obtained Exchange approval to grant a promissory note in the amount of USD$250,000 to BSL (Loan). The Loan will be repayable on July 31, 2015 and will bear interest from March 10, 2015 at the annual rate of 12%, calculated and payable monthly. The Loan will be evidenced and secured by a general security agreement with a general and continuing charge security against equipment located at BSLs warehouse in Indonesia and a promissory note. Sponsorship Subject to completion of satisfactory due diligence, Mackie Research Capital Corporation (Sponsor) has agreed to act as sponsor in connection with the Transaction. Under the terms of the sponsorship agreement effective March 13, 2015, the Sponsor has agreed to act as sponsor in connection with the Transaction in consideration for a sponsorship fee of $60,000 (plus applicable taxes) plus expenses and disbursements. An agreement to sponsor should not be construed as any assurance with respect to the merits of the Transaction or the likelihood of completion. Directors, Officers and Insiders Upon completion of the Transaction, the Corporation shall cause all of its directors to resign. The Corporation intends to appoint Mo Fazil, Harvey Lalach, James Muraro and Rob Sadleir as directors and Mo Fazil will be appointed as the President and CEO. As such, upon completion of the Transaction, the directors of the Corporation are expected to be as set out below. Information in respect of the officers of the Corporation will be provided in a subsequent press release: Mo Fazil Mr. Fazil has 19 years of capital markets experience with Canadian boutique investment dealers Mackie Research Capital, PI Financial, Union Securities and Global Securities. Mr. Fazil raised funding for junior oil and gas, mining and biotech companies through IPOs and secondary financings during his career in the investment industry. He was instrumental in identifying and structuring transactions/issuers. In addition to Canadian assets, companies covered had assets in Indonesia, Nigeria, Brazil, Colombia, India, Russia, Pakistan and the US. He is currently the President Blue Sky Langsa Ltd. and President of Fulucai Productions Ltd. (listed on the OTCBB) which holds a 5% working interest in the Langsa TAC asset. Harvey Lalach Mr. Lalach has diverse experience across business sectors and organizations. From 1986 through to 1997 he was involved in various roles in financial institutions starting at the Vancouver Stock Exchange and later working in securities related roles for BMO Nesbitt Burns and TD Green Line Investor Services. For the past 12 years Mr. Lalach has focused on the operation and administration of numerous startup US and Canadian public companies serving as both director and officer in various capacities. Mr. Lalach served as President and CEO for Assure Energy, Inc., Quarry Oil & Gas Corp., Savary Capital Corp, and most recently as President and CFO for Anavex Life Sciences Corp. James Muraro Mr. Muraros Geoscience career spans 30 years working with Chevron, PanCanadian, and Anderson Exploration domestically, and internationally with companies like Sherritt International, Alange Energy, and MND. Mr. Muraro has contributed to the discovery and exploitation of more than 100 Bcf of gas, and 320 MMbls of Oil through the thorough integration of all geotechnical information while working on projects. He has held management roles at Anderson Exploration and Tornado, and technical leadership roles at Sherritt and most recently Manitok Energy. International onshore experience includes onshore work in Africa, Madagascar, Czech Republic, and Colombia. Offshore work has involved the Canadian Arctic, North Sea, Spain, Turkey, Namibia, and Brazil. Rob Sadleir Mr. Sadleir is a director and Chairman of the Audit Committee for Anthony Clark International Insurance Brokers Ltd from 2006 to present and is a proposed director of the Resulting Issuer. Prior thereto he was Vice President of Finance of Cal-Gas Inc. from 2003 to 2007. Robert obtained his Bachelor of Commerce degree from the University of Calgary in 1971 and obtained his Chartered Accountant designation in 1974. He successfully participated in the Executive Development Program at Dalhousie University in 1989. Other Information Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the Transaction, any information released or received with respect to the COB may not be accurate or complete and should not be relied upon. Trading in the securities of the Corporation should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release. Trading of the common shares of the Corporation on the NEX Board of the Exchange remains halted until such time as the Exchange may determine, having regard to the completion of certain requirements pursuant to Exchange Policy 5.2. For further information please contact: ACL International Ltd. Mr. Tony Consalvo, President and CEO Telephone: (587) 952-5085 Email: tony.consalvo@acinternational.ca Except for the historical information contained herein, this press release contains statements that constitute forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that may cause or contribute to such differences include, among other things, the Corporations ability to close the proposed Transaction. Other risks and uncertainties include changes in business conditions and the economy in general, changes in governmental regulations, unforeseen litigation and other risk factors identified in the Corporations public filings under Risk Factors. The Corporation undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release. On behalf of ACL INTERNATIONALLTD. Tony Consalvo Tony Consalvo, CEO To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...172015.pdf Source: ACL International Ltd. (NEX:ACL.H) www.acinternational.ca Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
ACL-H.VN: (), AXN: 1.66 (+0.03)
ACL International Ltd. Performing Due Diligence Acquisition of Indonesian Oil and Gas Asset
Filing Services Canada XHTML - Thu Dec 18, 3:04PM CST
ACL International Ltd. Performing Due Diligence Acquisition of Indonesian Oil and Gas Asset
Filing Services Canada - Thu Dec 18, 3:04PM CST
ACL International Ltd. Performing Due Diligence Acquisition of Indonesian Oil and Gas Asset Calgary, Alberta (FSCwire) - Subject to receipt of a final independent reserves evaluation report being prepared by McDaniel & Associates Consultants Ltd., ACL INTERNATIONAL LTD. (Trading Symbol: ACL.H); ("Corporation" has completed its due diligence process regarding the purchase of a 5% interest in a Technical Assistance Contract for a block referred to as Langsa TAC located offshore, North Sumatra (Asset) from Fulucai Productions Ltd. (FCPS:OTC US) (Fulucai), initially announced on November 3, 2014 (the Proposed Transaction). .It is anticipated that the Report will be completed by December 31, 2014 and that the Corporation and Fulucai will then begin the process of preparing formal purchase and sale documentation regarding the Proposed Transaction. Other Information Completion of the Proposed Transaction is subject to a number of conditions, including Exchange acceptance and Shareholder approval. The Proposed Transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Change of Business or Reverse Take Over may not be accurate or complete and should not be relied upon. Trading in the securities of the Corporation should be considered highly speculative. Trading of the common shares of the Corporation on the NEX Board of the Exchange remains halted until such time as the Exchange may determine, having regard to the completion of certain requirements pursuant to Exchange Policy 5.2. Disclosure related to the proposed board of directors and management of the Corporation following completion of the Proposed Transaction, a summary of the Report, proposed financing of the Proposed Transaction, and further transactional details will be provided in a future press release. The TSX Venture Exchange has in no way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release. For further information please contact: ACL International Ltd. Mr. Tony Consalvo, President and CEO Telephone: (403) 225-5100 Email: tony.consalvo@acinternational.ca Except for the historical information contained herein, this press release contains statements that constitute forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that may cause or contribute to such differences include, among other things, the Corporations ability to close the proposed transaction. Other risks and uncertainties include changes in business conditions and the economy in general, changes in governmental regulations, unforeseen litigation and other risk factors identified in the Corporations public filings under Risk Factors. The Corporation undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release. On behalf of ACL INTERNATIONALLTD. Tony Consalvo Tony Consalvo, CEO To view this press release as a PDF file, click onto the following link: http://fscwire.com/sites/default/files/news_r...182014.pdf Source: ACL International Ltd. (NEX:ACL.H) www.acinternational.ca Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2014 Filing Services Canada Inc.
ACL International Announces Private Placement
Filing Services Canada XHTML - Tue Aug 18, 9:44AM CDT
ACL.VN: 0.100 (unch)
Director Appointment
Filing Services Canada XHTML - Mon Aug 10, 2:50PM CDT
ACL.VN: 0.100 (unch)
Business Update and Early Warning Reports
Filing Services Canada - Mon Jul 20, 1:51PM CDT
Business Update and Early Warning Reports Calgary, Alberta (FSCwire) - ACL International Ltd. ("ACL" or the "Company"
today reported a business update and early warning reports for BSIH Ltd. and Mr. Mohammad Fazil. BUSINESS UPDATE The Company recently completed two acquisitions of oil and gas assets in the prolific Indonesian North Sumatra basin: Langsa TAC 50% working interest and operatorship of the Langsa TAC concession located offshore, North Sumatra, Indonesia. The concession is located 150 km offshore and encompasses an area of 77 square kms in 300 feet of water depth. Initially discovered by Mobil, its current gross production is approximately 1350 BOPD. South Block A (SBA) 38.25% working interest and operatorship of the Production Sharing Contract referred to as South Block A. The assets consist of an aggregate 2,105 square kilometres of exploration acreage and are surrounded by oil and gas fields in the prolific North Sumatra basin. The assets also include 180 km of 2-D seismic, 50 square km of 3-D seismic and four exploratory wells. South Block A lies in the North Sumatra basin, which is one of the most productive hydrocarbon provinces in Indonesia with over 80 known oil and gas fields. EARLY WARNING REPORTS Pursuant to the closing of the acquisition of the assets of Blue Sky Langsa Ltd. (BSL) on June 10, 2015, Mr. Mohammad Fazil has acquired, directly, 11,300,000 common shares of ACL (Shares). The Shares were acquired pursuant to the terms of an asset purchase agreement between ACL and BSL dated March 13, 2015, as further described in the Filing Statement of ACL filed on SEDAR on June 1, 2015. The Shares were acquired at a deemed price of $0.12 per share for investment purposes. Mr. Fazil may in the future acquire additional shares in the Company, if deemed appropriate to do so in his sole discretion. Following the acquisition, Mr. Fazil owns directly or indirectly and exercises control over 11,300,000 common shares of ACL, representing approximately 12.3% of the Company's issued and outstanding common shares. Mr. Fazil also holds options entitling him to purchase an aggregate of 3,000,000 common shares of ACL upon exercise of the options, bringing his total ownership to 14,300,000 common shares or approximately 15.1% of ACL's issued and outstanding common shares on a partially diluted basis. Mr. Fazil is also the President and a director of BSIH Ltd. (BSIH), which received 61,571,667 common shares of the Company pursuant to the Transaction. Mr. Fazil is not a beneficial owner of any of the BSIH shares. Following the acquisition, BSIH owns directly or indirectly and exercises control over 61,571,667 common shares of ACL, representing approximately 67.3% of the Company's issued and outstanding common shares. The above information has been provided to the Company by Mr. Fazil and BSIH for inclusion in this news release. An Early Warning Report respecting the acquisitions will be filed electronically on the Company's SEDAR profile. Shares of ACL trade on the TSX Venture Exchange under the symbol "ACL". FOR FURTHER INFORMATION, PLEASE CONTACT: ACL International Ltd. Mohammad Fazil, President and CEO Telephone: +1 (403) 613-7310 Statements in this press release may contain forward-looking information including, operating costs, administrative costs, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward looking statements. Forward-looking statements are often identified by terms such as may, should, anticipate, expects and similar expressions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of ACL. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release, and ACL does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law. THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM. 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. Mr. Tony Consalvo President and CEO (403) 225-5100 tony.consalvo@aclarkinsurance.com Source: ACL International Ltd. (TSX Venture:ACL.H, NEX:ACL.H) www.acinternational.ca Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc. TSX Venture Exchange Daily Bulletins
CNW Group - Wed Jul 15, 9:25PM CDT
TSX VENTURE COMPANIES
IIROC Trading Resumption - ACL
CNW Group - Tue Jun 30, 3:11PM CDT
Trading resumes in:
ACL.VN: 0.100 (unch)
IIROC Trade Resumption - ACL International Ltd.
Newsfile Corp - Tue Jun 30, 3:07PM CDT
Trading resumes in:
ACL Announces Closing of Acquisition of Indonesian Oil and Gas Assets
ACCESSWIRE - Mon Jun 15, 8:23AM CDT
CALGARY, AB / ACCESSWIRE / June 15, 2015 / ACL International Ltd. (TSXV: ACL.H) ("ACL" or the "Corporation"
is pleased to announce that it has completed its acquisition of a 50% working interest in a Technical Assistance Contract for a block referred to as "Langsa TAC" (the "Assets" located offshore, North Sumatra, Indonesia, from Blue Sky Langsa Ltd ("BSL" (the "Transaction" . Subject to final Exchange acceptance, the Transaction will be deemed a change of business (COB) and constitute a reactivation of the Corporation pursuant to Policy 5.2 of the TSX Venture Exchange (the "Exchange" and will enable the Corporation to list for trading on the Exchange as a Tier 1 Oil and Gas Exploration Issuer. ACL-H.VN: ()
ACL International Ltd. Announces Update to Acquisition of Assets in Indonesia
Filing Services Canada XHTML - Mon Jun 08, 4:04PM CDT
ACL International Ltd. Announces Signing of Amended and Restated Purchase Agreement for Acquisition of Assets in Indonesia
Filing Services Canada XHTML - Thu May 07, 6:56AM CDT
ACL International Ltd. Announces Signing of Purchase and Sale Agreement for Assets in Indonesia and Retains Sponsor
Filing Services Canada - Tue Mar 17, 4:17PM CDT
ACL International Ltd. Announces Signing of Purchase and Sale Agreement for Assets in Indonesia and Retains Sponsor Calgary, Alberta (FSCwire) - Further to the announcement on February 2, 2015, ACL INTERNATIONAL LTD. (Trading Symbol: ACL.H) (Corporation) is pleased to advise that, effective March 13, 2015, it has entered into an asset purchase and sale agreement with Blue Sky Langsa Ltd. (BSL), pursuant to which the Corporation has agreed to acquire a 47% interest in a Technical Assistance Contract for a block referred to as Langsa TAC located offshore, North Sumatra, Indonesia as of an effective date of January 1, 2015 from BSL for the purchase price of $9,167,785 (Transaction). The Corporation has paid a deposit in the amount of $100,000 and the remainder of the purchase price will be satisfied by the issuance of 75,564,875 common shares in the capital of the Corporation. If the Transaction does not close for any reason, the deposit will be fully refunded to the Corporation. The closing of the Transaction is scheduled to take place on May 30, 2015 or such other date as agreed upon by the vendor and purchaser. The Corporation intends that the Transaction will be deemed a change of business ("COB"
and constitute a reactivation of the Corporation pursuant to Policy 5.2 of the TSX Venture Exchange (Exchange) and enable the Corporation to list for trading on the Exchange. Completion of the Transaction is subject to a number of conditions, including Exchange acceptance and Shareholder approval. The Transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all. A news release will be issued once the Management Information Circular has been filed as required pursuant to Exchange policies. Loan In addition, the Corporation has obtained Exchange approval to grant a promissory note in the amount of USD$250,000 to BSL (Loan). The Loan will be repayable on July 31, 2015 and will bear interest from March 10, 2015 at the annual rate of 12%, calculated and payable monthly. The Loan will be evidenced and secured by a general security agreement with a general and continuing charge security against equipment located at BSLs warehouse in Indonesia and a promissory note. Sponsorship Subject to completion of satisfactory due diligence, Mackie Research Capital Corporation (Sponsor) has agreed to act as sponsor in connection with the Transaction. Under the terms of the sponsorship agreement effective March 13, 2015, the Sponsor has agreed to act as sponsor in connection with the Transaction in consideration for a sponsorship fee of $60,000 (plus applicable taxes) plus expenses and disbursements. An agreement to sponsor should not be construed as any assurance with respect to the merits of the Transaction or the likelihood of completion. Directors, Officers and Insiders Upon completion of the Transaction, the Corporation shall cause all of its directors to resign. The Corporation intends to appoint Mo Fazil, Harvey Lalach, James Muraro and Rob Sadleir as directors and Mo Fazil will be appointed as the President and CEO. As such, upon completion of the Transaction, the directors of the Corporation are expected to be as set out below. Information in respect of the officers of the Corporation will be provided in a subsequent press release: Mo Fazil Mr. Fazil has 19 years of capital markets experience with Canadian boutique investment dealers Mackie Research Capital, PI Financial, Union Securities and Global Securities. Mr. Fazil raised funding for junior oil and gas, mining and biotech companies through IPOs and secondary financings during his career in the investment industry. He was instrumental in identifying and structuring transactions/issuers. In addition to Canadian assets, companies covered had assets in Indonesia, Nigeria, Brazil, Colombia, India, Russia, Pakistan and the US. He is currently the President Blue Sky Langsa Ltd. and President of Fulucai Productions Ltd. (listed on the OTCBB) which holds a 5% working interest in the Langsa TAC asset. Harvey Lalach Mr. Lalach has diverse experience across business sectors and organizations. From 1986 through to 1997 he was involved in various roles in financial institutions starting at the Vancouver Stock Exchange and later working in securities related roles for BMO Nesbitt Burns and TD Green Line Investor Services. For the past 12 years Mr. Lalach has focused on the operation and administration of numerous startup US and Canadian public companies serving as both director and officer in various capacities. Mr. Lalach served as President and CEO for Assure Energy, Inc., Quarry Oil & Gas Corp., Savary Capital Corp, and most recently as President and CFO for Anavex Life Sciences Corp. James Muraro Mr. Muraros Geoscience career spans 30 years working with Chevron, PanCanadian, and Anderson Exploration domestically, and internationally with companies like Sherritt International, Alange Energy, and MND. Mr. Muraro has contributed to the discovery and exploitation of more than 100 Bcf of gas, and 320 MMbls of Oil through the thorough integration of all geotechnical information while working on projects. He has held management roles at Anderson Exploration and Tornado, and technical leadership roles at Sherritt and most recently Manitok Energy. International onshore experience includes onshore work in Africa, Madagascar, Czech Republic, and Colombia. Offshore work has involved the Canadian Arctic, North Sea, Spain, Turkey, Namibia, and Brazil. Rob Sadleir Mr. Sadleir is a director and Chairman of the Audit Committee for Anthony Clark International Insurance Brokers Ltd from 2006 to present and is a proposed director of the Resulting Issuer. Prior thereto he was Vice President of Finance of Cal-Gas Inc. from 2003 to 2007. Robert obtained his Bachelor of Commerce degree from the University of Calgary in 1971 and obtained his Chartered Accountant designation in 1974. He successfully participated in the Executive Development Program at Dalhousie University in 1989. Other Information Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the Transaction, any information released or received with respect to the COB may not be accurate or complete and should not be relied upon. Trading in the securities of the Corporation should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release. Trading of the common shares of the Corporation on the NEX Board of the Exchange remains halted until such time as the Exchange may determine, having regard to the completion of certain requirements pursuant to Exchange Policy 5.2. For further information please contact: ACL International Ltd. Mr. Tony Consalvo, President and CEO Telephone: (587) 952-5085 Email: tony.consalvo@acinternational.ca Except for the historical information contained herein, this press release contains statements that constitute forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that may cause or contribute to such differences include, among other things, the Corporations ability to close the proposed Transaction. Other risks and uncertainties include changes in business conditions and the economy in general, changes in governmental regulations, unforeseen litigation and other risk factors identified in the Corporations public filings under Risk Factors. The Corporation undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release. On behalf of ACL INTERNATIONALLTD. Tony Consalvo Tony Consalvo, CEO To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...172015.pdf Source: ACL International Ltd. (NEX:ACL.H) www.acinternational.ca Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc. ACL-H.VN: (), AXN: 1.66 (+0.03)
ACL International Ltd. Performing Due Diligence Acquisition of Indonesian Oil and Gas Asset
Filing Services Canada XHTML - Thu Dec 18, 3:04PM CST
ACL International Ltd. Performing Due Diligence Acquisition of Indonesian Oil and Gas Asset
Filing Services Canada - Thu Dec 18, 3:04PM CST
ACL International Ltd. Performing Due Diligence Acquisition of Indonesian Oil and Gas Asset Calgary, Alberta (FSCwire) - Subject to receipt of a final independent reserves evaluation report being prepared by McDaniel & Associates Consultants Ltd., ACL INTERNATIONAL LTD. (Trading Symbol: ACL.H); ("Corporation"
has completed its due diligence process regarding the purchase of a 5% interest in a Technical Assistance Contract for a block referred to as Langsa TAC located offshore, North Sumatra (Asset) from Fulucai Productions Ltd. (FCPS:OTC US) (Fulucai), initially announced on November 3, 2014 (the Proposed Transaction). .It is anticipated that the Report will be completed by December 31, 2014 and that the Corporation and Fulucai will then begin the process of preparing formal purchase and sale documentation regarding the Proposed Transaction. Other Information Completion of the Proposed Transaction is subject to a number of conditions, including Exchange acceptance and Shareholder approval. The Proposed Transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Change of Business or Reverse Take Over may not be accurate or complete and should not be relied upon. Trading in the securities of the Corporation should be considered highly speculative. Trading of the common shares of the Corporation on the NEX Board of the Exchange remains halted until such time as the Exchange may determine, having regard to the completion of certain requirements pursuant to Exchange Policy 5.2. Disclosure related to the proposed board of directors and management of the Corporation following completion of the Proposed Transaction, a summary of the Report, proposed financing of the Proposed Transaction, and further transactional details will be provided in a future press release. The TSX Venture Exchange has in no way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release. For further information please contact: ACL International Ltd. Mr. Tony Consalvo, President and CEO Telephone: (403) 225-5100 Email: tony.consalvo@acinternational.ca Except for the historical information contained herein, this press release contains statements that constitute forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that may cause or contribute to such differences include, among other things, the Corporations ability to close the proposed transaction. Other risks and uncertainties include changes in business conditions and the economy in general, changes in governmental regulations, unforeseen litigation and other risk factors identified in the Corporations public filings under Risk Factors. The Corporation undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release. On behalf of ACL INTERNATIONALLTD. Tony Consalvo Tony Consalvo, CEO To view this press release as a PDF file, click onto the following link: http://fscwire.com/sites/default/files/news_r...182014.pdf Source: ACL International Ltd. (NEX:ACL.H) www.acinternational.ca Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2014 Filing Services Canada Inc. 
