Sherbrook SBK Sport Corp.

Sherbrook SBK Sport Corp.

September 02, 2010 16:48 ET

SBK Closes a Private Placement of Convertible Debentures and Warrants

SHERBROOKE, QUEBEC--(Marketwire - Sept. 2, 2010) - Sherbrook SBK Sport Corp. ("SBK") (TSX VENTURE:SBK) announces that it has closed a non-brokered private placement of debentures ("Debentures") in the aggregate amount of $150,000 and 1,250,000 common share purchase warrants ("Warrants").

Each Debenture bears interest at an annual rate of 13%, matures 12 months after its issuance and is convertible at the holder's option into common shares of SBK ("Shares") at a price of $0.12 per Share. Each Warrant grants its holder the right to subscribe for one Share at a price of $0.15 per Share for a period of 12 months following its issuance.

The Debentures, the Warrants, the Shares issuable upon conversion of the Debentures and the Shares issuable upon exercise of the Warrants are all subject to a four-month hold period.

This private placement remains subject to the final approval of the TSX Venture Exchange, which conditionally approved a private placement of Debentures and Warrants for a maximum of $200,000.

About SBK

Founded in late 2008, SBK is a Quebec-based company offering a complete line of player and goaltender hockey sticks and protective equipment. SBK Hockey sells and gives excluding rights to an extensive list of distributors across Europe and North America, and has a network of Canadian and China based manufacturers.

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.

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