TORONTO, Nov. 27 /CNW/ - SilverBirch Inc. (TSX-V: SVB) today announced
that due to the recent uncertainties in the capital markets and the senior
secured lender collecting on its security, there is no funding in place for
the Company to operate and meet its on-going financial obligations. In
addition, the Company has received a default and termination notice from G4Box
Inc., its co-publisher, which terminates the licence agreements relating to
the two on-line multiplayer games being operated and developed.
As a result of these events, all of the Company's 4 directors have
resigned effective November 27, 2008.
The TSX Venture Exchange has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the
contents of this news release. The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of the content of this news
For further information:
For further information: Graham Lowman, Secretary, (416) 621-6711 x 23