TORONTO, Jan. 18 /CNW/ - Seymour Schulich, through his holding company
Nevada Capital Corporation Ltd., 20 Eglinton Avenue West, Suite 1900,
Toronto, Ontario, M4R 1K8, announced today that he has purchased
1,000,000 common shares of Birchcliff Energy Ltd. (TSX: BIR) (the
"Company") under a Private Agreement Exemption from a single seller.
As a result of this purchase, Mr. Schulich currently owns or exercises
control and direction over 33,000,000 common shares of the Company. Mr.
Schulich's current shareholdings represent approximately 26.4% of the
current issued and outstanding common shares of the Company. Mr.
Schulich has further advised the Company that he has acquired the
additional 1,000,000 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.
SOURCE Seymour Schulich
For further information:
Seymour Schulich, (416) 480-6483