Bird River Resources Inc. (CSE:BDR) (the “Company”) announces that the Canadian Securities Exchange (the “CSE”) advised the Company that trading of the Company’s shares on the CSE has been temporarily halted pending the Company providing the CSE with additional disclosure with respect to its previously announced acquisition of High Point Oil Inc. (“High Point”) by way of a share exchange (the “Transaction”). The CSE has advised the Company that the Transaction, together with certain changes in the composition of the Company’s management and the Company’s previously announced joint ventures with Divestco Inc. (“Divestco”), may collectively constitute a “fundamental change” pursuant to the policies of the CSE.
The Company intends to work diligently to address the CSE’s concerns, including, if required by the CSE, by preparing and filing a CSE Form 2A Listing Statement with the CSE. The Company will issue a further news release when the trading halt is lifted.
About Bird River Resources Inc.
Established in 1958, Bird River Resources Inc. is a Canadian natural resources company focused on three verticals within the energy sector – Oil & Gas, Cogeneration and Technology. The Oil & Gas vertical was recently expanded through the acquisition of High Point Oil Inc. and focuses on the acquisition, exploration and development of petroleum and natural gas in the Western Canadian Basin. The cogeneration vertical is a joint venture with Divestco focused on the conversion of natural gas to electricity at exceptionally low rates. The Technology vertical focuses on the application of technologies such as blockchain to identified opportunities within the energy and technology sectors, including the establishment of a leading, ultra low-cost cryptocurrency mining centre through a partnership with Divestco.
Additional information on the Company is available on its websites at birdriverresources.com and highpointoil.net, and on SEDAR at sedar.com.
For further information, contact:
Jon Bridgman, CEO
Bird River Resources Inc.
Tel: 204-589-2848
Email: jonbirdriver@gmail.com
This news release is for information purposes only and no statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities and may contain forward looking statements that are based upon current expectations or beliefs as well as a number of assumptions about future events and words such as may, should, could, will, expect, anticipate, estimate, believe, intend, project should not be taken out of context.
NEITHER THE CSE NOR ITS MARKET REGULATOR (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
To view the associated document to this release, please click on the following link:
public://news_release_pdf/BirdRiver04112018.pdf
To view the original release, please click here