Debentureholders elect to extend Series C Debenture to December 31, 2015

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, Dec. 7, 2012 /CNW/ - Sunstone Opportunity Fund (2005) Limited Partnership ("Sunstone (2005) LP") and SRAI Capital Corp. ("SRAI"), a subsidiary of Knightswood Financial Corp., today announced the extension of the Series C Debenture to December 31, 2015.

Notice was sent to the Debentureholders of the Series C Debentures of SRAI proposing an extension of the maturity date of the Debentures on October 26, 2012.  The extension required the approval of over 50% of the Debentureholders to be effective.  The vote of the Debentureholders regarding the proposed extension was completed as of November 30, 2012.  Of the 3,600 Debentures outstanding, elections to extend the maturity date were received in respect of 92%, inclusive of those who were deemed to have elected to extend the maturity date of the Debentures.  Accordingly, the maturity date of the Debentures has been extended to December 31, 2015.

The certificates currently held by CDS with respect to the Debentures shall continue to be effective until December 31, 2015, the new maturity date.  There is no provision in the Debentureholders Agreement for the replacement of Debenture certificates upon the extension of the maturity date.

Additional information about Sunstone (2005) LP is available at www.sunstoneadvisors.com and www.sedar.com.

SOURCE: Sunstone Opportunity Fund (2005) Limited Partnership

For further information:

For more information please contact:
Andrew Greig, Director of Business Development

Sunstone Opportunity Fund (2005) Limited Partnership
SRAI Capital Corp.
Suite 910, 925 West Georgia Street
Vancouver, BC V6C 3L2
Phone: (604) 681-5959 or (888) 681-5959
E-mail: andrew@sunstoneadvisors.com

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Sunstone Opportunity Fund (2005) Limited Partnership

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SRAI Capital Corp.

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