Business
SilverBirch Closes Equity Financing; Acquires New Directors as Company Sharpens Focus on Growth and Profitability
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ Three new boar...
About this update from Silver Bull Resources, Inc.
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\nTHE U.S./\n\nThree new board members bring wealth of experience in finance, marketing\nand corporate governance, plus extensive contacts in digital media and\ngaming\n\n\nTORONTO, Oct. 17 /CNW/ - SilverBirch Inc. (TSX-V: SVB), a leading digital\nmedia company, today announced it has closed its oversubscribed non-brokered\nprivate placement of units, placed by Aberdeen Gould Capital Markets Ltd., for\ngross proceeds of $530,600 as previously announced in press releases dated\nOctober 6 and October 14, 2008. The Company is also pleased to announce the\nappointment of three corporate leaders, with extensive experience in digital\nmedia and gaming, to the company's board of directors.\n\n\nEffective immediately, Mr. Terence M. Donnelly, Executive Vice President,\nChief Information Officer and Chief Privacy Officer of Mandrake Management\nConsultants Corp., joins the SilverBirch board as Chairman. He is joined by\nMr. Jeffrey Friedman, C.O.O., Edgemere Capital, and Mr. Kevin Astle, Managing\nPrincipal, Marketing Imperatives International, who have been appointed as\ndirectors.\n\n\nTheir appointments follow the resignation of three previous directors,\nMr. Brian Courtney, Mr. David Lucatch and Mr. Michael O'Farrell, who\ncontributed significantly to SilverBirch during the company's early stage\ncorporate development initiatives and provided public markets guidance.\n\n\n"I would like to express my sincere gratitude to Mr. Brian Courtney,\nMr. David Lucatch and Mr. Michael O'Farrell for helping steer SilverBirch to\nits current position as a leading player in the digital media industry," said\nDerek van der Plaat, CEO of SilverBirch. "I welcome our new board members, and\nlook forward to leveraging their experience as we integrate recent\nacquisitions, develop new products, and advance our company on the path to\nprofitability and further growth."\n\n\nMr. Terence Donnelly, Mr. Jeffrey Friedman and Mr. Kevin Astle together\nbring years of executive-level experience in finance, marketing and corporate\ngovernance to the SilverBirch board. They also deliver extensive knowledge and\ncontacts in digital media and gaming that are directly applicable to the\nbusiness.\n\n\nMr. Donnelly is the Executive Vice President, C.I.O. and C.P.O. of\n...