SILVERBIRCH ENERGY CORPORATION ISSUES OPTIONS
March 10 2011 - 9:33AM
PR Newswire (Canada)
CALGARY, March 10 /CNW/ -- /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY, March 10
/CNW/ - SilverBirch Energy Corporation ("SilverBirch") (TSXV:SBE)
announces that pursuant to the provisions of its stock option plan,
it granted an aggregate of 802,149 options to directors, officers
and employees on March 8, 2011. The options have an exercise
price of $8.89 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 March 7, 2018. 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. To view this news release
in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/March2011/10/c9763.html
pHoward J. Lutley, President and Chief Executive Officer, at
403-538-7030./p
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