Sabrich Capital Corporation
TSX VENTURE : SBH.P

May 15, 2008 15:31 ET

Sabrich Capital Corporation and Sentinel Rock Oilsands Corporation Receive Shareholder Approval for Amalgamation

CALGARY, ALBERTA--(Marketwire - May 15, 2008) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

Sabrich Capital Corporation ("Sabrich" or the "Corporation") (TSX VENTURE:SBH.P) and Sentinel Rock Oilsands Corporation ("Sentinel") today announced that their respective shareholders at special meetings of shareholders held earlier today, approved the terms of the previously announced amalgamation between Sabrich and Sentinel, and related transactions pursuant to which Sabrich and Sentinel have agreed to amalgamate (the "Business Combination") to form a new company to be called Sentinel Rock Oil Corporation.

The Business Combination will constitute a Qualifying Transaction of Sabrich as defined in Policy 2.4 of the TSX Venture Exchange Inc. ("TSX Venture") Corporate Finance Manual.

The Corporation also received shareholder approval for the Corporation's stock option plan.

The completion of the Business Combination is subject to the final approval of TSX Venture. Closing of the Business Combination is expected to occur prior to the end of the month.

The securities of Sabrich being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the Business Combination and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Sabrich Capital Corporation
    Tyler Cran
    President and Chief Executive Officer
    (403) 538-8441