Killick Exits Investment In Vector Aerospace Corporation
December 23, 2005, St. John's, Newfoundland - Killick Capital Inc. (Killick) announced today that it has achieved its first successful exit by selling 3.2 million common shares of Vector Aerospace Corporation through the TSX. The Company had purchased the shares in late January 2005 solely for investment purposes.
In making today's announcement, Mark Dobbin, President of Killick, stated "This has been a very successful investment for Killick, with the shares appreciating 60% in less than a year. Proceeds from the sale will be used to reinvest in the global aerospace sector capitalizing on management's industry experience and the industry's positive outlook," stated Dobbin.
About Killick Capital Inc.
Killick Capital is a private equity investment firm headquartered in St. John's, Newfoundland and Labrador. Killick invests in a broad range of companies, providing capital for expansion, acquisition financing and restructuring for primarily two target segments: Atlantic Canadian businesses and Global Aerospace businesses - sectors identified as having strong industry fundamentals. Killick seeks to identify companies which have the promise to take their business to the next level. Whether it is the introduction of new products, expansion into a new market or a strategic acquisition, we believe that access to the right capital partners can be the determining factor for success.
Mark Dobbin, President
Killick Capital Inc.
P.O. Box 5383, Stn. C
St. John's, NL A1C 5W2
Tel: (709) 738-5513
Fax: (709) 738-5578