Birch Mountain looking for buyer

摘要

Birch Mountain Resources (BMD-T, BMD-X) has appointed a financial advisor to help assess "strategic alternatives" for the tar sands aggregate producer and former prairie gold explorer. Birch, whose shares were battered in mid-August after it posted a second-quarter loss of 5.9 million dollars and a first-half loss of 9.5 million dollars, said the alternatives might be a joint venture, a merger or a sale of the company. Independent directors have formed a committee to pilot the program.