Nexera Energy Inc. press release
Emerald Bay Energy Inc. issues stock options
TSXV - TSX Venture Exchange · Oil · Natural Gas · Natural Gas Liquids · Canada
CALGARY, Aug. 25, 2011 /CNW/ - Emerald Bay Energy Inc. (TSXV: EBY) (the "Corporation") announced today that, subject to regulatory approval, it has granted incentive stock options for a total of 4,925,000 common shares of the Corporation at a price of $0.10 per share for a period of five years, under the formal Stock Option Plan approved at the Annual General Meeting held on November 15, 2010, subject to regulatory approval, to certain directors, officers, and consultants (including 700,000 options to the investor relations firm) of the Corporation. The options are subject to a four-month hold period. A maximum of 10% of the issued shares are reserved for issuance for the Corporation's Stock Option Policy.
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.
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