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:

	Description
	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.
	SaskWorks exited its position with Brennan in mid 2008. Brennan Office Plus provides office equipment, furniture, business machine solutions and education supplies.
	SaskWorks exited its investment from Bulldog Resources in February of 2008 when it was sold to TriStar Oil and Gas Ltd.
	SaskWorks received Canetic Energy shares through Starpoint Energy when it merged with Acclaim to become North America's largest energy trust. SaskWorks chose to exit the trust when the company was negatively affected by the federal government's announcement that it will be making income trusts taxable in 2011.
	Cipher Exploration Inc. is an oil and gas exploration and production company. SaskWorks exited its investment in Cipher Exploration in 2007.
	Critical Telecom was sold to an Israeli telecommunications company in 2006 in exchange for royalty considerations.
	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.
	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.
	Keystone Energy Corp. was SaskWorks' third investment with the same management team. Abex award winner as Saskatchewan's top new venture is 2004, this oil and gas exploration company was sold to Bulldog Resources in 2006.
	SaskWorks received Mission shares as a result of StarPoint Energy's 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 Company's business strategy involves an integrated approach to per share growth in reserves, production, and cash flow through acquisitions, exploitation and exploration.
	Points North Freight provides a number of freight/air travel/room and board services to northern Saskatchewan communities. SaskWorks Venture Fund led a syndicated transaction to refinance existing term loans and provide additional working capital.
	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.
	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.
	Privately owned Spear Exploration was sold to NAL, a publicly traded oil and gas trust, in mid 2008. Spear's multi-well light oil drilling program was focused in SE Saskatchewan.
	SaskWorks exited its position with Saskatchewan's largest egg grader and producer in 2008. While a SaskWorks investee, Star Egg expanded its operations into Manitoba.
	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.
	SaskWorks exited its equity position in Terra Grain Fuels as a result of its acquisition by TSX-traded Universal Energy Group.
	With the acquisition of Real Resources in August 2007, initial Tristar shares were exchanged for shares in the new Tristar Oil and Gas Ltd.
	Wascana is involved in the collection, sorting and resale of recyclable materials across Saskatchewan. SaskWorks provided working capital to finance significant growth in the business. Wascana has repaid the initial investment, but SaskWorks retains gifted equity in the company, renamed Go-Green Recycling.