Business
SilverBirch equity financing oversubscribed
Market responsive to company's growth strategy and achievements TORONTO, Oct. 14 /CNW/ - SilverBi...
About this update from Silver Bull Resources, Inc.
[{"type":"text","content":"\n\n\n\nMarket responsive to company's growth strategy and achievements\n\n\nTORONTO, Oct. 14 /CNW/ - SilverBirch Inc. (TSX-V:SVB) (the "Corporation")\nannounced today that the Private Placement financing for which it has engaged\nAberdeen Gould Capital Markets Ltd. ("AGM") will exceed the originally\nproposed $500,000, and is now expected to close gross proceeds of $530,600 in\nunits, on the same terms as previously announced on October 6, 2008.\n\n\nIn connection with the finder's fee of 7% cash, plus 8% Compensation\nOption to Aberdeen Gould Capital Markets Ltd. ("AGM") as finder, each\nCompensation Option will now entitle the holder to purchase one common share\nof the Corporation at a price of $0.10 for two years from closing.\n\n\nThe transaction set out herein is subject to approval from the TSX\nVenture Exchange. There are no assurances that the private placement will\nclose.\n\n\nAbout SilverBirch Inc.\n\n\nToronto-based SilverBirch Inc. is a leading digital media company\noperating in the fastest growing sectors of the video game and mobile markets.\nThe company's video game operations include SilverBirch Studios, a mobile and\nhandheld video game developer, Lighthouse Interactive, a publisher of\ninteractive entertainment based in the Netherlands, and a co-venture with\nG4Box Inc. to operate licensed English language online multiplayer games. In\nits mobile division it provides mobile marketing services through Jambo Mobile\nSolutions and mobile content by way of an investment in CrossRoad Mobile. For\nmore information see www.silverbirchinc.com.\n\n\nAs noted above, completion of the transaction is subject to a number of\nconditions, including but not limited to, acceptance by the TSX Venture\nExchange. The transaction cannot close until the required approvals have been\nobtained. There can be no assurance that the transaction will be completed as\nproposed or at all.\n\n\nThe TSX Venture Exchange has in no way passed upon the merits of the\nproposed transaction and has neither approved nor disapproved the\ncontents of this news release. The TSX Venture Exchange does not accept\nresponsibility for the adequacy or accuracy of the content of this news\nrelease.\n\n\nForward-Looking Statements - Certain information set forth in this news\nrelease, including the amount and actual completion ...