JAZZ GOLF EQUIPMENT INC.
TSX VENTURE : JZZ.A

JAZZ GOLF EQUIPMENT INC.

September 21, 2005 16:30 ET

Jazz Golf Issues 2,300,000 Class A Common Shares To Ensis Growth Fund

WINNIPEG, MANITOBA--(CCNMatthews - Sept. 21, 2005) - Jazz Golf Equipment Inc. (TSX VENTURE:JZZ.A) announces the issuance of 2,300,000 Class A common shares to ENSIS Growth Fund Inc. in accordance with the terms of a convertible loan agreement between Jazz Golf Equipment Inc. and ENSIS Growth Fund Inc. dated October 19, 2004.

The shares were issued at a conversion price of $0.08 per share, for an aggregate conversion price of $184,000.00.

The conversion was effected by ENSIS Growth Fund Inc. to match, on a dollar-for-dollar basis, the aggregate amount of subscription proceeds raised pursuant to a previously announced private placement transaction involving certain directors and officers of Jazz Golf Equipment Inc.

The shares are subject to a four-month hold period in accordance with TSX Venture Exchange Policies.

The conversion is exempt from the prospectus and registration requirements of applicable securities laws.

Jazz Golf Equipment Inc. manufactures and distributes, primarily in Canada, high quality golf clubs and accessories.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Jazz Golf Equipment Inc.
    Mark Breslauer
    President and Chief Executive Officer
    (204) 947-0645 - Ext. 233
    mbreslauer@jazzgolf.com