SBK Sherbrook Sbk Sport Corp

Sherbrook SBK Sport Corp (TSX VENTURE:SBK) ("SBK" or the "Corporation")
announced today that it has signed an exclusive investment banking mandate with
Notre-Dame Capital Inc. ("NDC")


According to the agreement, NDC as an exempt market dealer will raise on a best
efforts basis a maximum of $2.5 million in private placement of 12% convertible
unsecured debentures (the "Debentures"). The principal of the Debentures shall
be convertible in units of the Corporation at a price of $0.17 per unit being
comprised of one common share at $0.17 and one half of a share purchase warrant
(the "Offering"). Each warrant shall entitle its holder to acquire one common
share at a price of $0.25 per common share for a period of 18 months following
the closing date. The accrued interests of the Debentures will be convertible in
units of the Corporation at a price per unit equal to the closing price of the
common shares of the Corporation on the TSX Venture Exchange the day before the
conversion date. The price per common share comprised in the units will be equal
to the price per unit and the exercise price of the warrants equal to the price
per unit plus a premium of 30%. The units will be offered to accredited
investors in the provinces of Quebec, Ontario, British Columbia and Alberta. The
securities issued pursuant to the Offering will be subject to a 4 month period
restricted period and the Offering will be subject to regulatory approvals. The
net proceeds of this offering will be used for potential acquisitions, marketing
expenses and working capital purposes. SBK will pay to NDC, acting as an exempt
market dealer, a cash commission of 8% of the gross proceeds and will issue non
transferable broker warrants which will entitle NDC to acquire a number of
common shares equal to 8 % of the principal of the Debentures divided by $0.17
at $0.17 per common share for a period of 18 months from the closing date. In
addition to the initial $2.5 million private placement, NDC will assist the
Corporation in its planned acquisition financing, and any and all follow on
financings as needed. 


"We look forward to working with such a dynamic team especially their President,
Richard T. Groome who has been instrumental in the financing of so many
companies in Canada and abroad. NDC answers all of our needs in terms of
financing offering and their professionalism is remarkable." said Georges
Guilbault, President and CEO of SBK. "The fact that Mr. Groome was part of the
firm that financed Canstar Sports (Bauer), which was eventually sold for $430
million, will provide us with the added advantage needed in our quest to
replicate the adventure" further added Mr. Guilbault. 


"We accepted the mandate because the market conditions are perfect for their
expansion both organically and or through strategic acquisitions" said Richard
T. Groome. "The management team is key when it comes to the execution of the
business plan and Mr. Guilbault and his team have the experience and knowledge
to make it happen and we are glad to play a part in their success" further added
Mr. Groome. 


About Notre-Dame Capital Inc.

NDC is a specialty investment and merchant bank specializing on the small cap
and mid cap Canadian public companies. NDC is a licensed exempt market dealer
reporting to the AMF and licensed to operate in most of the major provinces of
Canada. The partners and shareholders of NDC have been instrumental in financing
several hundred Canadian companies amounting to well over $5 Billion in
aggregate financings over the last 25 plus years. NDC is Canada's leading dealer
in Equity Lines and has recently introduced "Flexible Capital(TM)", which
consists of a variety of innovative financing tools for companies, founders,
executives and Members of the Boards alike.


About Sherbrook SBK Sport Corp.

SBK is a Canadian publicly traded company specializing in the design,
manufacturing and distribution of sporting goods and apparels. The Corporation'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. 


IMPORTANT INFORMATION

Forward-looking statements contained in this press release involve known and
unknown risks, uncertainties and other factors that may cause actual results,
performance and achievements of SBK to be materially different from any future
results, performance or achievements expressed or implied by the said
forward-looking statements. Words such as "anticipate," "believe," "estimate,"
"expect," "intend" and similar expressions, as they relate to the Corporation or
its management, identify forward-looking statements. These statements are based
on current expectations, estimates and projections about the Corporation's
business based, in part, on assumptions made by management. These statements are
not guarantees of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual outcomes and
results may, and probably will, differ materially from what is expressed or
forecasted in such forward-looking statements due to numerous factors, including
those described above. In addition, such statements could be affected by risks
and uncertainties related to the exploration for and development of mineralized
material, product demand, market and customer acceptance, competition, pricing
and development difficulties, as well as general industry and market conditions
and growth rates and general economic conditions. Any forward-looking statements
speak only as of the date on which they are made, and SBK does not undertake any
obligation to update any forward-looking statement to reflect events or
circumstances after the date of this release. Information on the SBK's website
does not constitute a part of this release.

Grafico Azioni Sherbrook Sbk Sport Corp (TSXV:SBK)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Sherbrook Sbk Sport Corp (TSXV:SBK)
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Da Giu 2023 a Giu 2024