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Bird River Resources Appoints CFO and Settles Debt for Shares

C.BDR

Bird River Resources Appoints CFO and Settles Debt for Shares


Winnipeg, Manitoba (FSCwire) - Bird River Resources Inc. (BDR:CSE) ("BDR" or the “Company”) today announced that the Company’s board of directors have appointed Mr. John Tokarsky as Chief Financial Officer of the Company effective immediately.  The Board has also agreed to issue a total of 2,308,709 common shares at a deemed price of $0.06 per common share to arm's length parties to settle the amount of $138,522.54 of indebtedness.  All negotiations were at arm's length and the issuance of the shares is subject to any and all approvals, including the approval of and any conditions that may be imposed thereon by the Canadian Stock Exchange.

Mr. Tokarsky has extensive public company experience in accounting, financial structuring, corporate governance and corporate restructuring.

The directors and officers of the Company would be comprised of:

Jon Bridgman

Interim CEO and Director

John Tokarsky

Chief Financial Officer

Edward Thompson

Secretary-Treasurer and Director

Donal Carroll

Director *

Shane Shodine

Director *

David Walters

Director *

* Independent director

 

About Bird River Resources Inc.

Bird River Resources Inc. is a Winnipeg, Manitoba based diversified resource company. BDR holds interests in ten producing oil and gas wells in southwestern Manitoba.  BDR also provides various environmental services and markets a line of environmental absorbent products used for oil & industrial spills and farms.  The common shares of the Company trade on the Canadian Securities Exchange under the symbol BDR.

For further information, contact:

Jon Bridgman, Interim CEO and Director

Bird River Resources Inc.

Tel: 204-589-2848

Email: umi@sympatico.ca

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.

No stock exchange or securities commission has reviewed the adequacy or accuracy of this news release.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/BirdRiver10022017.pdf
Source: Bird River Resources Inc. (CSE:BDR)

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