CALGARY, Oct. 24, 2013 /CNW/ - Emerald Bay Energy Inc. (TSX Venture:
EBY) (the "Corporation") announced today that it has granted incentive stock options for a
total of 6,700,000 common shares of the Corporation at a price of $0.05
per share for a period of five years, under the formal stock option
plan approved at the Annual General Meeting held on December 12, 2012,
subject to regulatory approval, to a directors, officers, and
consultants (including 500,000 stock options to the Corporation's
investor relations firm, Cavalcanti Hume Funfer Inc. ("CHF"), such
options issued to CHF vesting in stages over a 12 month period with ¼
of the options vesting every 3 months) of the Corporation. A maximum
of 10% of the issued shares are reserved for issuance for the
Corporation's Stock Option Policy. The options are subject to a four
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 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.
If you would like to receive press releases via email please contact firstname.lastname@example.org. 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.
SOURCE: Emerald Bay Energy Inc.
For further information:
Emerald Bay Energy Inc.: President, Shelby D. Beattie, by telephone at (403) 262-6000 or by email at email@example.com,
CHF Investor Relations: Robin Cook, Senior Account Manager, (416) 868-1079 x228, firstname.lastname@example.org.