Message #61 From:
NewsBot Date: September 23, 2007 09:47:13 AM
Birch Mountain initiates strategic review
CALGARY, Sept. 20 /PRNewswire-FirstCall/ - Birch Mountain Resources Ltd. ('Birch Mountain' or the 'Company') (BMD: TSX and AMEX) announces that it will explore strategic alternatives to enhance shareholder value. This may result in a joint venture, merger, sale of the Company or other corporate transaction. To assist in these activities, Birch Mountain has established a special committee of the board of directors comprised of independent directors and the board has appointed RBC Capital Markets as financial advisor. There can be no assurances that any of these activities will result in the consummation of an agreement or transaction.