Sherbrook SBK Sport Corp. Announces Changes to its Private Placement

Sherbrook SBK Sport Corp. (TSX VENTURE:SBK) ("SBK" or the "Corporation")
announces changes to the terms of its previously-announced private placement of
12% unsecured convertible debentures (the "Debentures"). 


The maximum aggregate principal amount of the Debentures is now set at $3
million. The principal amount of the Debentures will be convertible into units
of the Corporation at a price of $0.13 per unit, each unit will be comprised of
one common share and one-half of a common share purchase warrant (the
"Offering"). Each whole warrant will entitle the holder thereof to acquire one
additional common share of the Corporation at a price of $0.25 for a period of
36 months following the closing date. The accrued interest payable on the
Debentures during the first year of there respective terms will be paid in units
of the Corporation at a price per unit equal to the daily weighted average price
of the common shares of the Corporation on the TSX Venture Exchange (the "TSXV")
the day before the conversion date. The accrued interest payable on the
Debentures during the second and third year of there respective terms will be
payable in cash. The Debentures will be offered to accredited investors in the
provinces of Quebec, Ontario, British Columbia and Alberta. 


As previously announced, Notre-Dame Capital Inc. ("NDC") will act as agent for
the Offering on a best-efforts basis. 


In connection with the Offering, the Corporation will pay a cash commission to
NDC in an amount equal to 8% of the gross proceeds of the Offering. In addition,
the Corporation will issue to NDC non-transferable broker warrants to acquire a
number of common shares representing 8% of the number of common shares issuable
assuming conversion of all the debentures sold in the Offering. Each broker
warrant will entitle the holder to acquire one additional common share of the
Corporation at a price of $0.13 for a period of 24 months from the date of
closing. 


The initial closing of the private placement is expected to take place on or
about June 30, 2011. The private placement is subject to customary closing
conditions, including the signing of an agency agreement between the Corporation
and NDC. The TSXV has conditionally approved the Offering.


The securities to be issued pursuant to the Offering will be subject to a four
month restricted period. The net proceeds of the Offering will be used for
potential acquisitions, marketing expenses and working capital purposes.


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 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.
Sherbrook Sbk Sport Corp (TSXV:SBK)
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