Business
SilverBirch accelerates warrant expiry to fund growth opportunities
TORONTO, March 7 /CNW/ - SilverBirch Inc. (TSXV: SVB), a leading digital media company, announced...
About this update from Silver Bull Resources, Inc.
[{"type":"text","content":"\n\n\n\nTORONTO, March 7 /CNW/ - SilverBirch Inc. (TSXV: SVB), a leading digital\nmedia company, announced today that it has elected to exercise its right to\naccelerate the expiry of its outstanding August 2007 twenty two cent warrants,\noriginally scheduled to expire in August 2009.\n\n\nThe move follows twenty consecutive closes over the thirty-five cent\nprice point as provided for in the original warrant instruments, and affects\nthe 7,861,290 warrants presently outstanding. The new date set for the\nwarrants to expire is Friday April 11th.\n\n\nSilverBirch CFO, Graham Lowman, said "This is an appropriate time for us\nto exercise this option as the increased market awareness of our business\nactivities is presenting us with numerous growth and investment opportunities.\nAdditionally with Metin2 now on solid footing we are ready to pursue our next\nmulti-player online role playing game ("MMORPG") opportunity."\n\n\nAbout SilverBirch Inc.\n\n\nToronto-based SilverBirch Inc. is a leading digital media company focused\non the fastest growing sectors of the video game and mobile markets. Operating\ncompanies include Jambo Mobile Solutions, a fully integrated mobile media\ncompany with capabilities in mobile messaging and mobile content delivery, and\nSilverBirch Studios, a multi-platform video game developer and operator of an\nMMORPG (massive multiplayer online role-playing game) called Metin2 (see\nwww.metin2.us). For more information, visit www.silverbirchinc.com.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of the content of this news release.\n\n\nForward-Looking Statements - Certain information set forth in this news\nrelease, including management's assessment of future plans, contain\nforward-looking statements that involve substantial known and unknown risks\nand uncertainties. These forward-looking statements are subject to numerous\nrisks and uncertainties, certain of which are beyond management's control,\nincluding the impact of general economic conditions, industry conditions, and\ncurrency fluctuations. Readers are cautioned that the assumptions used in the\npreparation of such information, although considered reasonable at the time of\npreparation, may prove to be imprecise and, as such, undue reliance should not\nbe placed on forward-looking st...