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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

November 23 2009

EMERALD BAY ANNOUNCES CLOSING OF PRIVATE PLACEMENT

For Immediate Release: November 20, 2009

EMERALD BAY ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Calgary, Alberta, November 20, 2009 – Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation") today reported that the Corporation has closed its previously announced private placement. Pursuant to the private placement, 6,250,000 units ("Units") were issued at a price of $0.08 per Unit, for aggregate consideration of $500,000 (of which $78,000 originated from Insiders of the Corporation). Each Unit consisted of one (1) common share of the Corporation (issued either as a common share or as a "flow-through share" pursuant to the Income Tax Act (Canada) (the "Flow-Through Share") at the subscribers option) and one (1) non-transferable 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 12 months from the issuance of the Units at a price of $0.15) (the "Offering"). Of the total 6,250,000 common shares issued under this Offering an aggregate 5,812,500 were issued as Flow-Through Shares. A finder’s fee of $17,500 and a due diligence fee of $17,500 (plus GST) was paid to First Canadian Securities Inc., a division of Limited Market Dealer Inc. of Toronto, Ontario along with the issuance of 437,500 finder’s options (the "Finder’s Options"). A finder’s fee of $3,200 was paid to Brandt Securities Limited of Toronto, Ontario along with the issuance of 40,000 Finder’s Options. Each Finder’s Option is exercisable into one Unit (on a non-flow-through basis) of the Corporation (on the same terms and conditions as those received by the subscribers under this Offering).

The proceeds will be used for drilling new wells, completion and tie-ins of recently drilled wells and for seismic activities.

All of the Flow-Through Shares, Common Shares and Warrants issued pursuant to the private placement are subject to a 4-month hold period. Completion of the private placement is subject to the final approval of the TSX Venture Exchange.

Emerald Bay Energy Inc., based in Calgary, is a junior oil and gas producer with production properties in Western Canada and South Texas. 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) Robin Cook, Senior Account Manager, (416) 868-1079 x228, (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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION