CALGARY, May 30, 2014 /CNW/ - EmberClear Corp. (TSXV: EMB) ("EMB" or "EmberClear") today announced its unaudited financial results for the three and nine month periods ended March 31, 2014.
EMB's net income for the nine month period, including discontinued operations, was $355,191 as compared to a loss of $4,947,671 for the same period in the prior year. The net income is a result of the partial sale of the Good Spring Power project.
As of March 31, 2014 the cash position of the company was $780,774, with working capital of $107,099 compared to a negative working capital of $3,884,302 at June 30, 2013.
EMB's financial statements, management's discussion and analysis, and related information can be found on SEDAR at www.sedar.com.
About EmberClear Corp.
EmberClear is an energy developer focused on clean energy projects in the United States. EmberClear develops facilities using natural gas as input to create electricity or transportation fuels. We utilize our expertise in permitting, site control and engineering feasibility to develop projects that are offered to investors interested in purchasing, constructing and/or operating such energy projects. EmberClear's strategy focuses on favorably zoned locations with accessible infrastructure and feedstock options. 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 steel making industry. EmberClear's shares are listed on the TSX Venture Exchange under the trading symbol "EMB". For more information, please visit www.emberclear.com
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.
SOURCE: EmberClear Corp.
For further information: David G. Anderson, CEO, +1 (403) 264-8817