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Diversified Shares Exits

Every private equity relationship includes an exit from the investment.

A strategic exit is a part of a SaskWorks investment - and planning for an investment's exit begins in conjunction with the initial due diligence. SaskWorks exits are targeted to occur when the highest returns should be realized by the Fund.

Ideally, exits are planned for 5-7 years after investment, when companies have realized or surpassed the potential they were striving for when they first began their relationship with SaskWorks. An exit may come through re-financing, through sale of the company, or the company may be operating through its own capital, so an exit is typically a positive phase of the growth of any company.

SaskWorks is proud to have been a part of the development and growth of these companies:

1 In late 2007, Arista Energy was acquired by publicly traded,Tristar Oil & Gas Ltd. for approximately 10 times the amount paid for the investment by the Fund in 2004.
2 SaskWorks exited its position with Brennan in mid 2008. Brennan Office Plus provides office equipment, furniture, business machine solutions and education supplies.
3 SaskWorks exited its investment from Bulldog Resources in February of 2008 when it was sold to TriStar Oil and Gas Ltd.
4 SaskWorks received Canetic Energy shares through Starpoint Energy when it merged with Acclaim to become North Americas largest energy trust. SaskWorks chose to exit the trust when the company was negatively affected by the federal governments announcement that it will be making income trusts taxable in 2011.
9 SaskWorks exited its position with Anglo-Rouyn Tailings in 2009. This mining company focused on reclamation from spent tailing sites using modern reprocessing techniques.
10 Churchill Energy was acquired by Zargon Energy Trust in late 2009. Churchill Energy focused on West Central Saskatchewan and into Alberta.
11 Cipher Exploration Inc. is an oil and gas exploration and production company. SaskWorks exited its investment in Cipher Exploration in 2007.
12 Critical Telecom was sold to an Israeli telecommunications company in 2006 in exchange for royalty considerations.
13 As a SaskWorks investee, Swift Current based Diamond-Sage Well Services achieved dramatic revenue and profitability growth as a significant oilfield services company located in South West Saskatchewan.
14 SaskWorks teamed up with the Keystone management team for a second time on Keystone Energy Inc. SaskWorks exited its investment with the sale of the company to StarPoint Energy in 2004.
15 Keystone Energy Corp. was SaskWorks third investment with the same management team. Abex award winner as Saskatchewans top new venture is 2004, this oil and gas exploration company was sold to Bulldog Resources in 2006.
16 SaskWorks received Mission shares as a result of StarPoint Energys conversion to an oil and gas trust. Mission Oil & Gas converted to a publicly traded energy trust in January, 2005, trading on the TSX under the symbol MSO. The Companys business strategy involves an integrated approach to per share growth in reserves, production, and cash flow through acquisitions, exploitation and exploration.
17 Points North Freight provides a number of freightair travelroom and board services to northern Saskatchewan communities. SaskWorks Venture Fund led a syndicated transaction to refinance existing term loans and provide additional working capital.
18 Quartus Energy Ltd. is a natural gas development and production company with its primary activities located near Burstall, SK. Quartus drilled 40 shallow wells while a SaskWorks investee.
19 Regina-based Saskcan Pulse Trading grew rapidly as a SaskWorks investee. SaskCan now operates five processing plants, it has created over 100 jobs, and during its tenure as a SaskWorks investee received two Saskatchewan ABEX awards Company of the Year and Exporter of the Year.
20 Privately owned Spear Exploration was sold to NAL, a publicly traded oil and gas trust, in mid 2008. Spears multi-well light oil drilling program was focused in SE Saskatchewan.
21 SaskWorks exited its position with Saskatchewans largest egg grader and producer in 2008. While a SaskWorks investee, Star Egg expanded its operations into Manitoba.
22 SaskWorks received Starpoint Energy shares when Keystone Energy sold to Starpoint. Starpoint later merged with Canetic to become one of the largest energy trusts in North America.
23 SaskWorks exited its equity position in Terra Grain Fuels as a result of its acquisition by TSX-traded Universal Energy Group.
24 With the acquisition of TriStar by PetroBank, SaskWorks exited its holding and acquired shares in the newly formed publically traded entity, PetroBakken.
25 SaskWorks exited its position with Universal Energy as a result of its acquisition by Just Energy Income Fund.
26 Villanova Energy Corp. was the fourth investment with the same management team. This successful oil and gas exploration company was purchased by Crescent Point Energy Trust in January 2009.
27 Villanova Resources Inc. was the fifth high-growth exploration company to be successfully operated by the same talented management team. As a result of the acquisition of Villanova Resources Inc. by Legacy Oil and Gas Inc., SaskWorks has exited its position with the company.
28 SaskWorks acquired shares in Crescent Point Energy Trust from the sale of Villanova Energy Corp. to this publically traded company. This exit represents a portion of the Funds holdings in this entity.
29 Legacy Oil and Gas Inc. is a junior oil and natural gas company that is committed to the aggressive, cost-effective growth of light oil reserves and production in Western Canada. SaskWorks investment in Legacy was a result of the companys acquisition of Villanova Resources, a previous SaskWorks investee.
30 RegWin Hotel Ltd. Partnership RegWin owned and operated the 118-room Regina Wingate hotel in downtown Regina. The sale of the hotel to a new owner in December 2011 resulted in the Funds exit from its position with the company.
Copyright ©2011 Lifestyle by Design. All rights reserved
SaskWorks Ventures Fund Inc. is a registered labour-sponsored investment fund. The offering is made by prospectus, in Saskatchewan only, for provincial residents. An investment in the Fund is subject to substantial risk; share values and returns will fluctuate. Redemptions are dependent on net income and retained earnings, and may be restricted in certain circumstances. If redeemed prior to the eighth anniversary of purchase, you may be subject to an early redemption fee, and to repayment of tax credits. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Please read the prospectus carefully before investing.