SilverBirch enhances cash position from warrant expiry

About this update from Silver Bull Resources, Inc.

[{"type":"text","content":"\n\n\n\nTORONTO, June 20 /CNW/ - SilverBirch Inc. (TSX-V: SVB) announced today\nthat 100% of the more than twenty million warrants issued in the December 2006\nunit financing were exercised as at the June 18th expiry date generating total\nproceeds of $2,414,247.\n\n\nTotal shares outstanding are now 87,674,436, and 4,070,000 warrants\nremain outstanding. Total warrants as a percentage of the float have been\nreduced from almost 20% to less than 5%.\n\n\n"This additional capital allows us to continue the momentum of our\naggressive growth strategy to achieve critical mass in both the mobile and\nvideo game spaces." said SilverBirch CEO, Derek van der Plaat.\n\n\nAbout SilverBirch Inc.\n\n\nToronto-based SilverBirch Inc. is a fully integrated developer, publisher\nand distributor of high quality interactive media content and, through its\nJambo Mobile division, provides mobile marketing and direct-to-consumer mobile\ncontent. In addition, the company is a multi-platform video game developer and\noperates an MMORPG (massive multiplayer online role-playing game) game called\nMetin 2 (see www.metin2.us). For more information, please visit\nwww.silverbirchstudios.com and www.jambomobile.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 statements.\n\n\n%SEDAR: 00020946E\n\n\n","length":2165,"tagName":"div"}]

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