SILVERBIRCH ENERGY CORPORATION ANNOUNCES $10 MILLION BANKING FACILITY
22 Marzo 2011 - 3:47PM
PR Newswire (Canada)
CALGARY, March 22 /CNW/ -- /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY, March 22
/CNW/ - SilverBirch Energy Corporation (SBE: TSXV) ("SilverBirch"
or the "Corporation") announces today that it has arranged a
banking facility of $10 million with The Toronto-Dominion Bank and
the Royal Bank of Canada. SilverBirch intends to use this funding
as an operating line of credit, if required. 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/March2011/22/c5541.html
p Howard J. Lutley, President and Chief Executive Officer, at
403-538-7030 /p
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