Northern Rivers Capital Management Inc. to make their initial investment
TORONTO, Jan. 31 /CNW/ - SilverBirch Inc. (TSX-V: SVB), a leading digital
media company, is pleased to announce a non-brokered private placement
offering of $300,000, by way of selling 1,000,000 units of the Corporation at
a price of $0.30 per unit. Each unit will consist of one common share of the
Corporation and one share purchase warrant with each warrant entitling the
holder to acquire an additional common share at a price of $0.60 for two years
from the date of issuance. The Corporation will pay a finder's fee of 7% in
The private placement is with Northern Rivers Capital Management Inc.,
and placed within its three funds under the 'Innovation' mandate, inclusive of
the Northern Rivers Innovation Fund LP.
The offering is subject to approval from the TSX Venture Exchange.
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, please visit
www.silverbirchstudios.com and www.jambomobile.com.
About Northern Rivers Capital Management Inc.
Northern Rivers Capital Management Inc. is an independent investment
company located in Toronto, Ontario. Our mission is to provide the best
possible investment products and absolute returns to investors.
Founded in 2001, we celebrated our sixth year anniversary in May of 2007.
Our initial offering, the Northern Rivers Innovation Fund LP, is one of
Canada's top performing alternative investment funds over five years. We
currently offer seven investment funds with varying degrees of risk, suitable
for a wide range of investor risk profiles. For more information, please visit
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of the content of this news release.
For further information:
For further information: Derek van der Plaat, Chief Executive Officer,
SilverBirch Inc., Tel: (416) 621-6711 Ext 34, Email: firstname.lastname@example.org;
Graham Lowman, CFO/Secretary, SilverBirch Inc., Tel: (416) 621-6711 Ext 23,