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  • Emerald Bay reports South Texas update

    June 04, 2010

    Calgary, Alberta, Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company”) is pleased to report on recent crude oil-focused developments at three counties in South Texas. » Read More

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  • EMERALD BAY ANNOUNCES ACQUISTION OF 50% INTEREST IN TEXAS BASED OIL PRODUCER

    March 04, 2010

    March 4, 2010 – Emerald Bay Energy Inc. is pleased to announce that it and a private partner have acquired 100% of the issued and outstanding securities of Production Resources Inc. » Read More

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  • EMERALD BAY ENERGY INC. ANNOUNCES ISSUANCE OF STOCK OPTIONS

    April 07, 2010

    Emerald Bay Energy Inc. (the "Corporation") announced today that it has granted incentive stock options for a total of 3,150,000 common shares of the Corporation at a price of $0.10 per share » Read More

News

September 09 2008

Emerald Bay Announces Closing of Private Placement

For Immediate Release: Wednesday, September 3, 2008

Calgary, Alberta, September 3 – Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company”) today reported on recent activities.

CLOSING OF PRIVATE PLACEMENT

We are pleased to announce that the Company has closed the first tranche of its previously announced private placement (see press release dated August 25, 2008). Research Capital Corporation acted as the agent (the "Agent") for the private placement on a commercially reasonable efforts basis.

An aggregate of 6,131,169 flow-through common shares ("Flow-Through Common Shares") were issued at a price of $0.15 per Flow-Through Common Share (the "Offering") by the Company for gross proceeds of $919,675.35. The Agent (and any sub-agents) was paid a cash commission of $91,967.54 in connection with the Offering. In addition, the Agent was issued 613,117 non-transferable options (the "Agent's Options") to acquire 613,117 common shares of the Company for eighteen (18) months from the closing date of the Offering at a price of $0.15 per common share.

The proceeds from the Offering will be used to fund the Company's fall drilling program in Central Alberta.

All of the Flow-Through Common Shares issued pursuant to this Offering are subject to a 4-month hold period.

ABOUT EMERALD BAY

Emerald Bay Energy Inc., based in Calgary, is a junior oil and gas producer with production properties in Western Canada. 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: Catarina Cerqueira, Associate Account Manager, (416) 868-1079 x251, (JavaScript must be enabled to view this email address) Christopher Haldane, Account Manager, (416) 868-1079 x237, (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 neither approved nor disapproved the information contained herein. BOEs and BOEPD may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Forward-Looking Statements This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.

Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Information inferred from the interpretation of drilling results may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a well is actually developed.

Forwardlooking statements in this document include statements regarding the Company’s exploration, drilling and development plans, the Company’s expectations regarding the timing and success of such programs. Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company's oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the applicable securities regulators.