11:01 AM EST - Sherritt International Corporation : Is providing an update on the non-binding term sheet entered into with Gillon Capital, LLC regarding a proposed private placement, as previously disclosed in the Corporation’s news release dated May 20. In connection with the Term Sheet, the Corporation has entered into an exclusivity agreement with Gillon Capital providing for a 120-day period of exclusive negotiations with respect to the Private Placement. Sherritt International Corporation
shares T.S are trading unchanged at $0.12.
