Birchcliff Energy Ltd. Announces That Mr. Seymour Schulich Increases Ownership in Birchcliff
CALGARY, ALBERTA--(Marketwired - Dec. 10, 2015) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to announce that Mr. Seymour Schulich has informed Birchcliff that he has acquired control and direction over an additional 2,000,000 common shares of Birchcliff through the facilities of the Toronto Stock Exchange.
As a result of this purchase, Mr. Schulich now beneficially owns or exercises control or direction over a total of 42,000,000 common shares of Birchcliff, representing approximately 27.6% of the current issued and outstanding common shares of Birchcliff. Mr. Schulich has advised Birchcliff that he acquired the additional 2,000,000 common shares for investment purposes.
This additional investment by Mr. Schulich represents a major vote of confidence in Birchcliff's assets and management. Birchcliff very much appreciates the public support and financial commitment at a time when commodity prices are low.
Birchcliff is a Calgary, Alberta based intermediate oil and gas company with operations concentrated within its one core area, the Peace River Arch of Alberta. Birchcliff's Common Shares and Cumulative Redeemable Preferred Shares, Series A and Series C are listed for trading on the Toronto Stock Exchange under the symbols "BIR", "BIR.PR.A" and "BIR.PR.C", respectively.
Source: Marketwired (Canada)
(December 10, 2015 - 1:47 PM EST)
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