House & Home
House and Home
House and Home 
Wed, December 14, 2011
Sherbrook SBK Sport Corp. Announces Shares for Debt Issuance
December 14, 2011 09:00 ET
Sherbrook SBK Sport Corp. Announces Shares for Debt Issuance
SHERBROOKE, QUEBEC--(Marketwire - Dec. 14, 2011) - Sherbrook SBK Sport Corp. ("SBK") (TSX VENTURE:SBK) announces his intention to issue a total of 34,953,700 common shares to certain of their creditors at a deemed price per share of $0.05 each, the whole in settlement of debt totalling $1,747,685.
The shares issued under this transaction are subject to a restricted period on resale for four months and one day.
The transaction is subject to the approval of TSX Venture Exchange Inc. and of regulatory authorities.
About Sherbrook SBK Sport Corp.
Sherbrook SBK Sport Corp. is a Canadian publicly traded company specializing in the design, manufacturing and distribution of sporting goods and apparels. The company'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.
Neither the 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 accuracy of this release.