Anthony Clark announces private placement (January 22, 2004)

Calgary-based Anthony Clark International Insurance Brokers Ltd. (TSX: ACL, NASDAQ: ACKBF) is planning a non-brokered private placement of up to 468,750 units priced at $1.28 each, for total gross proceeds of $600,000. Each unit contains one common share and one share purchase warrant the warrant entitles the holder to purchase a further common share for $1.60 until February 10, 2006."The net proceeds from the private placement will be used for working capital purposes," states an Anthony Clark press release.