TORONTO, March 7 /CNW/ - SilverBirch Inc. (TSXV: SVB), a leading digital media company, announced today that it has elected to exercise its right to accelerate the expiry of its outstanding August 2007 twenty two cent warrants, originally scheduled to expire in August 2009.
The move follows twenty consecutive closes over the thirty-five cent price point as provided for in the original warrant instruments, and affects the 7,861,290 warrants presently outstanding. The new date set for the warrants to expire is Friday April 11th.
SilverBirch CFO, Graham Lowman, said "This is an appropriate time for us to exercise this option as the increased market awareness of our business activities is presenting us with numerous growth and investment opportunities. Additionally with Metin2 now on solid footing we are ready to pursue our next multi-player online role playing game ("MMORPG") opportunity."
About SilverBirch Inc.
Toronto-based SilverBirch Inc. is a leading digital media company focused on the fastest growing sectors of the video game and mobile markets. Operating companies include Jambo Mobile Solutions, a fully integrated mobile media company with capabilities in mobile messaging and mobile content delivery, and SilverBirch Studios, a multi-platform video game developer and operator of an MMORPG (massive multiplayer online role-playing game) called Metin2 (see www.metin2.us). For more information, visit www.silverbirchinc.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of the content of this news release.
Forward-Looking Statements - Certain information set forth in this news release, including management's assessment of future plans, contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond management's control, including the impact of general economic conditions, industry conditions, and currency fluctuations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
%SEDAR: 00020946E