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SBK Sherbrook Sbk Sport Corp

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Share Name Share Symbol Market Type
Sherbrook Sbk Sport Corp TSXV:SBK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Sherbrook SBK Sport Corp. Announces Modifications to its Private Placement

21/07/2011 4:24pm

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Sherbrook Sbk Sport Corp (TSXV:SBK)
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Sherbrook SBK Sport Corp. (TSX VENTURE: SBK) ("SBK" or the "Corporation") announced, on May 9, 2011, a private placement of 12% unsecured convertible debentures (the "Debentures"). SBK wishes to disclose the new terms of the private placement.

The Corporation will now proceed with a private placement in equity of up to 40,000,000 units of the Corporation (the "Units") at a price of $0.10 per Unit, each Unit being comprised of one common share and one share purchase warrant (the "Offering"). Each warrant will entitle its holder to acquire one common share at a price of $0.20 for a period of 24 months following the closing date. The Units will be offered to accredited investors in the Provinces of Quebec, Ontario, British Columbia and Alberta. The securities issued pursuant to the Offering will be subject to a 4 month hold period. The Offering is being made by Notre-Dame Capital Inc. ("NDC") acting as exempt dealer on a reasonable effort basis and is expected to close on or about September 20, 2011. The Offering is subject to certain conditions including the receipt of all necessary approvals. The net proceeds of this Offering will be used for potential acquisitions, marketing expenses and working capital purposes. SBK will pay to NDC a cash commission of 8% of the gross proceeds of the Offering and will issue non-transferable broker warrants which will entitle NDC to acquire a number of common shares equal to 8% of the number of common shares comprised in the Units and sold in the Offering. The broker warrants will be exercisable at $0.10 per common share for a period of 24 months from the closing date.

About Notre-Dame Capital Inc.

NDC is a specialty investment and merchant bank specializing on the small cap and mid cap Canadian public companies. NDC is a licensed exempt market dealer reporting to the AMF and licensed to operate in most of the major provinces of Canada. The partners and shareholders of NDC have been instrumental in financing several hundred Canadian companies amounting to well over $5 Billion in aggregate financings over the last 25 plus years. NDC is Canada's leading dealer in Equity Lines and has recently introduced "Flexible Capital™", which consists of a variety of innovative financing tools for companies, founders, executives and Members of the Boards alike.

About Sherbrook SBK Sport Corp.

SBK is a Canadian publicly traded company specializing in the design, manufacturing and distribution of sporting goods and apparels. The Corporation's current main focus is on the design, manufacturing and distribution of hockey equipment including a variety of sticks, skates and protective gear for both players and goalie.

IMPORTANT INFORMATION

Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of SBK to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Corporation or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the Corporation's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and SBK does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on the SBK's website does not constitute a part of this release.

Neither 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

Contacts: Sherbrook SBK Sport Corp. Georges Guilbault President 819-791-2066 gguilbault@sbkhockey.com www.sbkhockey.com Hilbroy Advisory Inc. Jean-Francois Amyot President 514-334-3131 info@hilbroyadvisory.com / www.hilbroyadvisory.com Consultant: Mergers & Acquisitions

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