Kevin Douglas Announces Acquisition of Common Shares of SilverBirch Energy Corporation
08.07.2011 | CNW
LARKSPUR, CA, July 8, 2011 /CNW/ - Kevin Douglas of 125 E. Sir Francis Drake Blvd., Suite 400, Larkspur, California, 94939, has announced today that he acquired, through and on behalf of K&M Douglas Trust, Douglas Family Trust, James E. Douglas III, and Douglas Irrevocable Descendants Trust, 449,000 common shares of SilverBirch Energy Corporation ("SBE"), bringing the total holdings in SBE to 5,006,700 common shares or approximately 10.01% of the total common shares outstanding. The shares were purchased on the Toronto Stock Exchange at the price of USD $7.89 per share, being Cdn. $7.56 per share (using the Bank of Canada closing rate for July 7, 2011). The shares were acquired in the ordinary course of the entities' investment activities. Kevin Douglas, through and on behalf of the four entities, may purchase or sell securities of SBE in the future on the open market or in private transactions, depending on market conditions and other factors material to their investment decisions.For further information:
Tim McGaw at (415) 526-2202 or tmcgaw@dougtel.com