Sherbrook SBK Sport Corp. is withdrawing its private placement initiated Sept. 8, “due to the current condition of the financial market.”

 

Sherbrook had announced its intention to issue a total of 583,333 common shares to a lender at a deemed price per share of 6 cents each to settle interest payable totalling $35,000.

 

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.