Already a success in Asia, CrossFire is expected to come West with the help of $500,000 from Aberdeen Gould Capital Markets.

by James Brightman on Monday, October 06, 2008

Toronto-based SilverBirch has announced that Aberdeen Gould Capital Markets Ltd. has agreed to provide $500,000 through a private placement of SilverBirch's equity (6,250,000 units priced at $0.08). The closing of this transaction is expected on or around October 10.

Silverbirch said that most of the money will be used to assist in the launch of the English version of its Multiplayer Online First Person
Shooter Game called CrossFire, which has "been a tremendous success" in other operating regions such as China, Japan, Korea and Vietnam. CrossFire has reported over 500,000 concurrent online users since its commercial launch in Asia. The commercial launch of the English version is expected to take place before 2008 comes to a close.

As part of the agreement, Silverbirch will pay a finder's fee of seven percent cash and eight percent Compensation Option to Aberdeen Gould Capital Markets. Each Compensation Option entitles the holder to purchase one common share of the Corporation at a price of $0.08 for 2 years from Closing.

Silverbirch warned that "there are no assurances that the private placement will close" and the transaction is still subject to approval from the TSX Venture Exchange.