Birchcliff Energy Ltd.
TSX: BIR
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Nov 14, 2008 08:00 ET
Birchcliff Energy Ltd. Announces That Mr. Seymour Schulich Increases Ownership in Birchcliff Energy Ltd.
CALGARY, ALBERTA--(Marketwire - Nov. 14, 2008) -
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to report that on November 13, 2008, Mr. Seymour Schulich announced that he has purchased 2,000,000 common shares of Birchcliff under a Private Agreement Exemption.
As a result of this purchase, Mr. Schulich currently owns or exercises control and direction over 24,000,000 common shares of Birchcliff. Mr. Schulich's current shareholdings represent approximately 21.4% of the current issued and outstanding common shares of Birchcliff. Mr. Schulich has further advised Birchcliff that he has acquired the additional 2,000,000 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.
Birchcliff is a publicly traded company that trades on the TSX Exchange under the symbol "BIR".
The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact
Birchcliff Energy Ltd.
Jeff Tonken
President and Chief Executive Officer
(403) 261-6401