Sherbrook SBK Sport Corp.
TSX VENTURE : SBK

Sherbrook SBK Sport Corp.

September 27, 2010 12:14 ET

SBK Closes a Second Tranche of a Private Placement of Convertible Debentures and Warrants

SHERBROOKE, QUEBEC--(Marketwire - Sept. 27, 2010) - Sherbrook SBK Sport Corp. ("SBK") (TSX VENTURE:SBK) announces that it has closed a second tranche of its non-brokered private placement of a debenture (the "Debenture") in the amount of $25,000 and 208,333 common share purchase warrants ("Warrants").

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

This tranche of the private placement remains subject to the final approval of the TSX Venture Exchange.

SBK also announces that the shares issued under its private placement announced on September 10, 2010 were issued at a price of $0.10 each (for a total of $75,000) and that the number of warrants issued under that private placement was 375,000 and not 750,000.

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.

Contact Information