TORONTO, Oct. 20 /CNW/ - Seymour Schulich through his RRSP, 20 Eglinton
Avenue West, Suite 1900, Toronto, Ontario M4R 1K8, announced today that he has
purchased 1,000,000 common shares of Birchcliff Energy Ltd. (TSX: BIR) (the
"Company") through the facilities of the Toronto Stock Exchange.
As a result of this purchase, Mr. Schulich currently owns or exercises
control and direction over 22,000,000 common shares of the Company.
Mr. Schulich's current shareholdings represent approximately 19.6% of the
current issued and outstanding common shares of the Company. Mr. Schulich has
further advised the Company that he has acquired the additional 1,000,000
common shares for investment purposes. Mr. Schulich has indicated that he will
review his holdings from time to time and that he may increase or decrease his
position as future circumstances may dictate.
For further information:
For further information: Seymour Schulich, (416) 480-6483