SilverBirch to settle debt via share issuance

About this update from Silver Bull Resources, Inc.

[{"type":"text","content":"\n\n\n\nTORONTO, Oct. 28 /CNW/ - Aberdeen Gould Capital Markets Ltd., advisor to\nSilverBirch Inc. (TSXV:SVB) has agreed to take settlement of $45,000 of its\nfees with SilverBirch shares and warrants ("units") under the same terms as\nthe recently closed Private Placement, administered by them, which closed on\nOctober 16, 2008.\n\n\nThe transaction is subject to exchange approval, and provides for the\nissue of 562,500 units. As disclosed in the news release dated October 17,\n2008, each unit consists of one Common Share priced at $0.08, and one half\n(1/2) Common Share purchase warrant of Silverbirch Inc. Each whole Warrant\nentitles the holder to acquire one additional Common Share at a price of $0.18\nper share until October 27, 2010. The Common Shares, Warrants and Common\nShares issuable upon exercise of the Warrants will be subject to a four month\nhold period expiring February 28, 2009.\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 but not\nlimited to, acceptance by the TSX Venture Exchange. The transaction cannot\nclose until the required approvals have been obtained.\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\n%SEDAR: 00020946E\n\n\n","length":2210,"tagName":"div"}]

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