Press release from Marketwire
Birchcliff Energy Ltd. Announces That Mr. Seymour Schulich Increases Ownership in Birchcliff Energy Ltd.
Tuesday, May 11, 2010
Birchcliff Energy Ltd. Announces That Mr. Seymour Schulich Increases Ownership in Birchcliff Energy Ltd.11:48 EDT Tuesday, May 11, 2010CALGARY, ALBERTA--(Marketwire - May 11, 2010) - THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) Further to Birchcliff's Press Release dated May 6, 2010, Birchcliff is pleased to report that Mr. Seymour Schulich informed Birchcliff that he has acquired control and direction over 1,000,000 additional common shares of Birchcliff under a Private Agreement Exemption.As a result of this purchase, Mr. Schulich currently owns or exercises control and direction over 32,000,000 common shares of Birchcliff. Mr. Schulich's current shareholdings represent approximately 25.7% of the current issued and outstanding common shares of Birchcliff. Mr. Schulich has advised Birchcliff that he has acquired the additional 1,000,000 shares for investment purposes. Mr. Schulich has also indicated that he will review his holdings from time to time and that he may increase or decrease his position as future circumstances may dictate.Birchcliff is a publicly traded company that trades on the TSX Exchange under the symbol "BIR".FOR FURTHER INFORMATION PLEASE CONTACT: Birchcliff Energy Ltd. Jeff Tonken President and Chief Executive Officer (403) 261-6401 or Birchcliff Energy Ltd. Jim Surbey Vice President, Corporate Development (403) 261-6401 The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.