TORONTO, June 30 /CNW/ - Seymour Schulich , 20 Eglinton Avenue West,
Suite 1900, Toronto, Ontario M4R 1K8, announced today that he has purchased
2,000,000 common shares of Birchcliff Energy Ltd. (TSX: BIR) (the "Company")
through a Corporate Private Placement.
As a result of this purchase, Mr. Schulich currently owns or exercises
control and direction over 27,000,000 common shares of the Company. Mr.
Schulich's current shareholdings represent approximately 22% of the current
issued and outstanding common shares of the Company. Mr. Schulich has further
advised the Company that he has acquired the additional 2,000,000 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