Birchcliff Energy Ltd.

Birchcliff Energy Ltd.

June 03, 2005 11:26 ET

Birchcliff Announces Closing of $10 Million Flow-Through Share Financing

CALGARY, ALBERTA--(CCNMatthews - June 3, 2005) -

This press release is not for distribution to United States Newswire Services or for dissemination in the United States.

Birchcliff Energy Ltd. (TSX VENTURE:BIR) announced today that it has closed the previously announced private placement of 2,000,000 flow-through shares at a price of $5.00 per share for gross proceeds of $10 million.

The underwriting syndicate for this financing was led by GMP Securities Ltd. and included Sprott Securities Inc. and Scotia Capital Inc.

Birchcliff is a publicly traded company that trades on the TSX Venture Exchange under the symbol "BIR".

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

Contact Information

  • Birchcliff Energy Ltd.
    Jim Surbey
    Vice President, Corporate Development
    (403) 261-6401
    (403) 261-6424 (FAX)