Kevin Douglas Announces Acquisition of Common Shares of SilverBirch Energy Corporation
July 08 2011 - 1:13PM
PR Newswire (Canada)
LARKSPUR, CA, July 8, 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. To view this news release in HTML formatting, please use
the following URL:
http://www.newswire.ca/en/releases/archive/July2011/08/c4355.html p
Tim McGaw at (415) 526-2202 or a
href="mailto:tmcgaw@dougtel.com"tmcgaw@dougtel.com/a /p
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