SILVERBIRCH ENERGY CORPORATION ISSUES OPTIONS
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
CALGARY, Oct. 18 /CNW/ - SilverBirch Energy Corporation ("SilverBirch") (TSXV:SBE) today announces that, pursuant to the provisions of its stock option plan, it has granted an aggregate of 2,680,000 options to directors, officers and employees. The options have an exercise price of $5.66 per share. The options granted vest as to one third on the first anniversary of the date of grant, one third on the secondary anniversary of the date of grant and the balance on the third anniversary of the date of grant. The options expire on October 17, 2017. All stock option grants of SilverBirch are subject to receipt of the necessary regulatory approvals.
About SilverBirch
SilverBirch Energy Corporation is a pre-production oil sands company headquartered in Calgary, Alberta, Canada. SilverBirch has a rich portfolio of mining and in situ oil sands properties, including 50% ownership of the Frontier and Equinox Projects. To learn more, please visit www.silverbirchenergy.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
Howard J. Lutley, President and Chief Executive Officer, at 403-538-7030
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