TSX-V: EBY


Latest Projects

Recent NEWS

Navigation Separator Line

  • 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

Navigation Separator Line

  • 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

Navigation Separator Line

  • 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

August 16 2011

Emerald Bay Energy Inc. announces cross of common shares


CALGARY, Aug. 16, 2011 - Emerald Bay Energy Inc. (TSXV: EBY) (the "Corporation") today reported that a shareholder of the Corporation that controls, directly or indirectly, 11.67% of the common shares of the Corporation (the "Selling Shareholder") sold an aggregate of 4,600,000 common shares of the Corporation ("Common Shares") at a price of $0.05 per Common Share to members of the public through the assistance of Mackie Research Capital. None of the Common Shares sold by the Selling Shareholder are subject to any hold period restrictions.

Subsequent to the above sale of Common Shares, the Selling Shareholder will, subject to the final approval of the TSX Venture Exchange, acquire at least 4,600,000 Common Shares pursuant to a private placement announced on August 12, 2011. The terms of the proposed private placement are as follows: Up to maximum of 10,000,000 Common Shares are to be issued. The Common Shares are to be issued under a unit offering whereby up to a maximum of 10,000,000 units ("Units") at a subscription price of $0.05 per Unit are to be offered. Each Unit shall consist of one (1) Common Share of the Corporation and one (1) 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 18 months from the issuance of the Units at a price of $0.10) (the "Offering"). The proceeds will be used for drilling wells, seismic activities, contributing to the Corporation debt facilities and increasing working capital. All of the 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.

About Emerald Bay

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 http://www.emeraldbayenergy.com.

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.

For further information:

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: 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.