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 3-5 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
	SaskWorks exited its investment from Bulldog Resources in February of 2008 when it was sold to TriStar Oil and Gas Ltd.
	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.
	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 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.