Emerald Bay applies for warrant extension
CALGARY, Jan. 28, 2013 /CNW/ - Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation" or "Emerald Bay") today announced that it has made an application to the TSX Venture Exchange (the "Exchange") to extend the term of all share purchase warrants (the "Warrants") that were originally issued on February 17, 2012, from twelve (12) months to eighteen (18) months from the date of issuance in accordance with Exchange policies. The Warrants that are the subject of the extension application consist of an aggregate of 14,240,000 Warrants, each with an exercise price of $0.10 per Warrant, which were issued in connection with the Corporation's private placement that closed on February 17, 2012. The foregoing Warrants are set to expire on February 17, 2013, and the application being submitted to the Exchange is to extend the expiry date until August 17, 2013.
Completion of the warrant extension 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 our website at 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.
SOURCE: Emerald Bay Energy Inc.For further information:
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