TORONTO, Dec. 3 /CNW/ - Derek van der Plaat, President and CEO of
SilverBirch Inc. (TSX-V: SVB) announced today that the Board of Directors has
awarded a total of 455,000 options to purchase common shares of the
Corporation, to staff and the CFO (an officer of the company), under the terms
of the previously approved Employee Stock Option Plan (ESOP).
"We have a highly motivated team and stock options are an effective
incentive and loyalty driver for our company in a very competitive job
market," said Mr. van der Plaat, CEO.
The options have been granted at a strike price of $0.28 per common
share, being the closing price of the stock on November 30, 2007, the date of
the grant. They have a staggered vesting schedule over the next two years, and
expire on November 30, 2012.
About SilverBirch Inc.
Toronto-based SilverBirch Inc. is a fully integrated developer, publisher
and distributor of high quality interactive media content and, through its
Jambo Mobile division, provides mobile marketing and direct-to-consumer mobile
content. In addition, the company is a multi-platform video game developer and
operates an MMORPG (massive multiplayer online role-playing game) game called
Metin 2 (see www.metin2.us). For more information, please visit
www.silverbirchstudios.com and www.jambomobile.com.
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: email@example.com;
Graham Lowman, CFO/Secretary, SilverBirch Inc., Tel: (416) 621-6711 Ext 23,