Birchcliff Energy Ltd.
TSX : BIR

Birchcliff Energy Ltd.

July 29, 2009 12:10 ET

Birchcliff Energy Ltd. Announces That Mr. Seymour Schulich Increases Holdings in Birchcliff Energy Ltd.

CALGARY, ALBERTA--(Marketwire - July 29, 2009) -

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) is pleased to report that on July 28, 2009, Mr. Seymour Schulich informed Birchcliff that he has acquired control and direction over 1,950,000 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 28,950,000 common shares of Birchcliff. Mr. Schulich's current shareholdings represent approximately 23.6% of the current issued and outstanding common shares of Birchcliff. Mr. Schulich has further advised Birchcliff that he has acquired the additional 1,950,000 shares for investment purposes. Mr. Schulich has 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".

The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • 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