EmberClear Grants Options
23 September 2012 - 9:04AM
PR Newswire (Canada)
CALGARY, Sept. 24, 2012 /CNW/ - EmberClear Corp. ("EMB" or the
"Company") announces that it has granted an aggregate of 590,000
options to purchase common shares of EMB at a price of $0.35 per
share (the closing trading price of EMB's shares on the TSXV on
September 24, 2012). The option grant includes 490,000 options
granted to employees and consultants, and 100,000 options granted
to a director who joined EmberClear's Board in January 2012.
The options have a term of five years. The stock options are
being granted pursuant to the terms of the Company's stock option
plan and are subject to regulatory approval. About EmberClear
EmberClear is an energy developer focused on low emission
commercial scale projects around the world. Developing facilities
using coal or natural gas as inputs to create electricity or
transportation fuels characterizes our plants. We utilize our
proven expertise in permitting, site-control, and engineering
feasibility to leverage our other assets including a license on IP,
control systems, and equipment procurement from Huaneng Clean
Energy Research Institute (HCERI, a subsidiary of the world's
largest power company, Huaneng Power Group of China). 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 metallurgical
industry. EmberClear's shares are listed on the TSX Venture
Exchange under the trading symbol "EMB". For more information
please visit www.emberclear.com. Forward-Looking Statement
Disclaimer Certain statements contained in this document constitute
forward-looking statements or information (collectively
"forward-looking statements") within the meaning of the "safe
harbour" provisions of applicable securities legislation.
Forward-looking statements are typically identified by words such
as "expect", "intend", "may", "will", "believe", "potential" and
similar words suggesting future events or future performance. In
particular, this document contains forward-looking statements
pertaining to, without limitation, our business strategies and
plans. With respect to forward-looking statements contained
in this document, we have made various assumptions. Although
we believe that the expectations reflected in the forward-looking
statements contained in this document, and the assumptions on which
such forward-looking statements are made, are reasonable, there can
be no assurance that such expectations will prove to be correct.
Readers are cautioned not to place undue reliance on
forward-looking statements included in this document, as there can
be no assurance that the plans, intentions or expectations upon
which the forward-looking statements are based will occur. 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. © 2012
EmberClear Corp. All rights reserved. All other trademarks are the
property of their respective owners. EmberClear Corp. CONTACT:
David G. AndersonCFOTel: +1 (403) 264-8817
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