Disposition of Common Shares of Golden Birch Resources Inc.
Timmins, June 8, 2021 - Alan Martin ("Mr. Martin") announced today that he and persons acting jointly or in concert with him disposed of ownership and control of an aggregate of 760,000 common shares ("Common Shares") in the capital of Golden Birch Resources Inc. (the "Company") through the facilities of the Canadian Securities Exchange (the "Disposition"). The consideration received per Common Share under the Disposition was approximately $0.10, for total consideration received of $76,000. The completion of the Disposition, together with other dispositions of Common Shares during the month of May, 2021 made by Alan and persons acting jointly or in concert with him, resulted in a slightly greater than 2.0% decrease in the Common Shares beneficially owned by Alan and persons acting jointly or in concert with him.
Immediately after the Disposition, Alan and persons acting jointly or in concert with Alan beneficially own 7.66% of the issued and outstanding Common Shares of the Company on a non-diluted basis and 10.57% on a partially-diluted basis.
Alan currently has no plans to acquire or dispose of any additional securities of the Company. However, Alan may acquire additional securities of the Company, dispose of some or all of the existing or additional securities that he holds or will hold, or may continue to hold his respective current position, depending on market conditions, reformulations, and/or other relevant factors.
Alan has filed the early warning report under National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the completion of the Disposition. A copy of the Early Warning Report filed by Alan is available under the Company's issuer profile on SEDAR at www.sedar.com.
To obtain a copy of the early warning report, please contact Mr. Martin at:
Alan Martin
E: alanmart@bigpond.net.au
C: +61.488.22.3828
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87014