TORONTO, March 7 /CNW/ - SilverBirch Inc. (TSXV: SVB), a leading digital
media company, announced today that it has elected to exercise its right to
accelerate the expiry of its outstanding August 2007 twenty two cent warrants,
originally scheduled to expire in August 2009.
The move follows twenty consecutive closes over the thirty-five cent
price point as provided for in the original warrant instruments, and affects
the 7,861,290 warrants presently outstanding. The new date set for the
warrants to expire is Friday April 11th.
SilverBirch CFO, Graham Lowman, said "This is an appropriate time for us
to exercise this option as the increased market awareness of our business
activities is presenting us with numerous growth and investment opportunities.
Additionally with Metin2 now on solid footing we are ready to pursue our next
multi-player online role playing game ("MMORPG") opportunity."
About SilverBirch Inc.
Toronto-based SilverBirch Inc. is a leading digital media company focused
on the fastest growing sectors of the video game and mobile markets. Operating
companies include Jambo Mobile Solutions, a fully integrated mobile media
company with capabilities in mobile messaging and mobile content delivery, and
SilverBirch Studios, a multi-platform video game developer and operator of an
MMORPG (massive multiplayer online role-playing game) called Metin2 (see
www.metin2.us). For more information, visit www.silverbirchinc.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of the content of this news release.
Forward-Looking Statements - Certain information set forth in this news
release, including management's assessment of future plans, contain
forward-looking statements that involve substantial known and unknown risks
and uncertainties. These forward-looking statements are subject to numerous
risks and uncertainties, certain of which are beyond management's control,
including the impact of general economic conditions, industry conditions, and
currency fluctuations. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not
be placed on forward-looking statements.
For further information:
For further information: Derek van der Plaat, Chief Executive Officer,
SilverBirch Inc., Tel: (416) 621-6711 Ext 34, Email: email@example.com;
Graham Lowman, CFO, Secretary, SilverBirch Inc., Tel: (416) 621-6711 Ext 23,