CALGARY,
Oct. 10, 2013 /CNW/ - Emerald Bay
Energy Inc. (TSX Venture: EBY) (the "Company" or "Emerald Bay") announces 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 October 25, 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 29,680,000 Warrants, each with an exercise price of
$0.10 per Warrant, which were issued
in connection with the Company's private placement that closed on
October 25, 2012. The foregoing
Warrants are set to expire on October 25,
2013 and the application being submitted to the Exchange is
to extend the expiry date until April 25,
2014.
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.
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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.