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.
