A.C.L. Construction completes shares for debt

A.C.L. Construction Ltd. Completes Shares for Debt Settlement

(TheNewswire)

FORT ST. JOHN, British Columbia — TheNewswire — August 21, 2026 — A.C.L. Construction Ltd. (TSXV: ACL; FSE: A3L0) (the “Company” or “ACL”), a leading provider of civil construction services, project management, general construction and underground utilities in the Peace Region of British Columbia, is pleased to announce that it has received final approval from the TSX Venture Exchange (the “TSXV”) to settle an aggregate of $35,000 of indebtedness owing to a director of the Company (the "Creditor") through the issuance of 116,667 common shares of the Company (the "Debt Shares") at a deemed price of $0.30 per Debt Share (the "Shares for Debt Transaction").

The indebtedness settled was owed to the Creditor pursuant to loans advanced by the Creditor to the Company. The Company now has 73,638,741 common shares issued and outstanding following the completion of the Shares for Debt Transaction.

The Debt Shares issued in connection with the Shares for Debt Transaction are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

Because the Creditor is a director of the Company, the Shares for Debt Transaction constituted a “related party transaction” within the meaning of Multilateral Instrument 61-101 — Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) thereof, respectively, on the basis that neither the fair market value of the securities issued to nor the fair market value of the consideration paid by, the Creditor, exceeds 25% of the Company’s market capitalization.

About ACL Construction

ACL maintains a full fleet of heavy equipment and works on complex highway, civil and oilfield projects requiring strong knowledge and experience in multiple technical areas. ACL’s key services include (among others) project management, reclamation & remediation and aggregate sales.

For further information please contact:

A.C.L. Construction Ltd.  

John McPherson  

Telephone: 250-263-1205  

Email: john@aclcon.ca  

Website: www.aclconstructionltd.com

Cautionary Statement Regarding Forward Looking Information  

Certain information in this news release may contain forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this news release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this news release include all statements that are not historical in nature.

Various risks and uncertainties may affect the validity of such assumptions or factors, and readers are cautioned not to place undue reliance on any such forward-looking statements. Actual results, performance or achievements could differ materially from those expressed in, or implied by, such forward-looking statements and information, and, accordingly, no assurance can be given that any of the events anticipated by such forward-looking statements will transpire or occur, or, if any of them do so, what benefits, if any, the Company will derive therefrom. ACL disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSXV 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.

 

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