Silverbirch Energy Corporation (TSXV:SBE)
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CALGARY, Oct. 18 /CNW/ --
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES/
CALGARY, Oct. 18 /CNW/ - SilverBirch Energy Corporation ("SilverBirch")
(TSXV:SBE) today announces that, pursuant to the provisions of its
stock option plan, it has granted an aggregate of 2,680,000 options to
directors, officers and employees. The options have an exercise price
of $5.66 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 October 17,
2017. 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/October2010/18/c3549.html
pHoward J. Lutley, President and Chief Executive Officer, at 403-538-7030/p