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  • EMERALD BAY ANNOUNCES PRIVATE PLACEMENT

    January 31, 2012

    Emerald Bay Energy Inc. today reported that the Corporation is proposing a Private Placement offering of up to maximum of 13,000,000 common shares ("Common Shares") of the Corporation » Read More

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  • EMERALD BAY ANNOUNCES DISPOSITION OF INTERESTS IN EDSON AREA PROPERTIES

    January 23, 2012

    Emerald Bay Energy Inc. is pleased to announce that it has accepted an offer on various interests in certain oil and gas properties situated in Edson, Alberta to an arm’s length party. » Read More

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  • Emerald Bay Cases Exploratory Oil Well in Texas

    January 10, 2012

    Emerald Bay has recently drilled and cased a prospective oil well in Guadalupe County, Texas. » Read More

News

December 03 2008

EMERALD BAY ANNOUNCES A PRIVATE PLACEMENT

For Immediate Release: Wednesday, December 3, 2008

EMERALD BAY PROPOSES A PRIVATE PLACEMENT

Calgary, Alberta, December 3 – Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation") today reported that the Corporation is proposing a non-brokered private placement offering of up to a maximum of 7,500,000 units ("Units") to be issued at a price of $0.10 per Unit, for aggregate consideration of $750,000. Each Unit consists of one (1) common share of the Corporation to be issued as a "flow-through share" pursuant to the Income Tax Act (Canada) (the "Flow-Through Common Share") and one-half of one (1/2) share purchase warrant (the "Warrant") (each full Warrant shall entitle the holder thereof to purchase one (1) additional common share of the Corporation for a period of eighteen (18) months from the issuance of the Units at a price of $0.20).

The proceeds will be used for drilling wells and for seismic activities in Canada.

All of the Flow-Through Common Shares and Warrants issued pursuant to the private placement are subject to a four-month hold period. Completion of the private placement is subject to the final approval of the TSX Venture Exchange.

ABOUT EMERALD BAY

Emerald Bay Energy Inc., based in Calgary, is a junior oil and gas producer with production properties in Western Canada and additional high-impact exploration prospects in Texas, USA. The common shares of Emerald Bay trade on the TSX Venture Exchange under the symbol "EBY". Please visit our website at http://www.emeraldbayenergy.com.

For further information, please contact:

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000 or by email at (JavaScript must be enabled to view this email address),

or

CHF Investor Relations: Christopher Haldane, Account Manager, (416) 868-1079 x237, (JavaScript must be enabled to view this email address) Catarina Cerqueira, Associate Account Manager, (416) 868-1079 x251, (JavaScript must be enabled to view this email address)

If you would like to receive press releases via email please contact (JavaScript must be enabled to view this email address). Please specify “Emerald Bay press releases” in the subject line.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES