CALGARY, Sept. 24, 2012 /CNW/ - EmberClear Corp. (TSXV: EMB) ("EMB" or the "Company") announces that it has granted an aggregate of 590,000 options to
purchase common shares of EMB at a price of $0.35 per share (the
closing trading price of EMB's shares on the TSXV on September 24,
2012). The option grant includes 490,000 options granted to employees
and consultants, and 100,000 options granted to a director who joined
EmberClear's Board in January 2012. The options have a term of five
years. The stock options are being granted pursuant to the terms of the
Company's stock option plan and are subject to regulatory approval.
EmberClear is an energy developer focused on low emission commercial
scale projects around the world. Developing facilities using coal or
natural gas as inputs to create electricity or transportation fuels
characterizes our plants. We utilize our proven expertise in
permitting, site-control, and engineering feasibility to leverage our
other assets including a license on IP, control systems, and equipment
procurement from Huaneng Clean Energy Research Institute (HCERI, a
subsidiary of the world's largest power company, Huaneng Power Group of
China). EmberClear also holds surface and mineral rights in Schuylkill
County, Pennsylvania. This property lies in the Southern Anthracite
coalfield of eastern Pennsylvania, USA. Mineral rights held by the
company include Anthracite/PCI coal suitable for the metallurgical
industry. EmberClear's shares are listed on the TSX Venture Exchange
under the trading symbol "EMB".
For more information please visit www.emberclear.com.
Forward-Looking Statement Disclaimer
Certain statements contained in this document constitute forward-looking
statements or information (collectively "forward-looking statements")
within the meaning of the "safe harbour" provisions of applicable
securities legislation. Forward-looking statements are typically
identified by words such as "expect", "intend", "may", "will",
"believe", "potential" and similar words suggesting future events or
future performance. In particular, this document contains
forward-looking statements pertaining to, without limitation, our
business strategies and plans. With respect to forward-looking
statements contained in this document, we have made various
assumptions. Although we believe that the expectations reflected in
the forward-looking statements contained in this document, and the
assumptions on which such forward-looking statements are made, are
reasonable, there can be no assurance that such expectations will prove
to be correct. Readers are cautioned not to place undue reliance on
forward-looking statements included in this document, as there can be
no assurance that the plans, intentions or expectations upon which the
forward-looking statements are based will occur.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
© 2012 EmberClear Corp.
All rights reserved. All other trademarks are the property of their
SOURCE: EmberClear Corp.
For further information:
David G. Anderson
Tel: +1 (403) 264-8817