By Sheri Kasprzak
New York, Dec. 14 - Emerald Bay Energy Inc. said it intends to raise up to C$1 million in a private placement.
The offering includes up to 3,333,333 flow-through shares at C$0.30 each.
The proceeds will be used for drilling.
Emerald Bay, based out of Calgary, Alta., is an oil and natural gas exploration company.
| Issuer: | Emerald Bay Energy Inc.
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| Issue: | Flow-through shares
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| Amount: | C$1 million (maximum)
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| Shares: | 3,333,333 (maximum)
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| Price: | C$0.30
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| Warrants: | No
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| Pricing date: | Dec. 14
|
| Stock price: | C$0.26 at close Dec. 14
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