TORONTO, Oct. 18 /CNW/ - Seymour Schulich, through his holding company,
Nevada Capital Corporation Ltd., c/o 20 Eglinton Avenue West, Suite 1900,
Toronto, Ontario M4R 1K8, announced today that he has purchased 2,000,000
common shares of Birchcliff Energy Ltd. (TSX: BIR) (the "Company") through the
facilities of the Toronto Stock Exchange.
As a result of this purchase, Mr. Schulich currently owns or exercises
control and direction over 14,000,000 common shares of the Company. Mr.
Schulich's current shareholdings represent approximately 15% of the current
issued and outstanding common shares of the Company. Mr. Schulich has further
advised the Company that he has acquired the additional 2,000,000 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.
For further information:
For further information: Seymour Schulich, (416) 480-6483