/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
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