Thank you for your interest in SilverBirch Energy Corporation (SilverBirch). Please note that on April 4, 2012, 8071667 Canada Inc., a wholly owned subsidiary of Teck Resources Limited (Teck), acquired SilverBirch along with its primary asset, a 50 per cent interest in the Frontier oil sands mining project in the Athabasca region of Alberta, by way of a plan of arrangement under the Canada Business Corporations Act.
Under the terms of the Arrangement, SilverBirch has also transferred certain assets, including a 100 per cent working interest in an in situ oil sands prospect situated in the Audet region of Alberta and a 100 per cent working interest in lands in the Birch Mountain region of Alberta, along with certain liabilities to SilverWillow Energy Corporation (SilverWillow), a distinct and newly formed company.
For more information on the Frontier project please visit the Teck website. For information regarding SilverWillow please visit the SilverWillow Energy Corporation website
distributed by | This press release was issued by SilverBirch Energy Corporation and was initially posted at http://www.silverbirchenergy.com/2012/04/teck-resources-limited-acquires-silverbirch-energy-corporat ion/ . It was distributed, unedited and unaltered, by noodls on 2012-04-04 20:19:14 PM. The issuer is solely responsible for the accuracy of the information contained therein. |