Ember Resources Inc.
TSX : EBR

Ember Resources Inc.

August 31, 2005 12:05 ET

Ember Resources Inc. Announces Completion of Bought Deal Financing

CALGARY, ALBERTA--(CCNMatthews - Aug. 31, 2005) - Ember Resources Inc. (TSX:EBR)

This press release does not constitute an offer to sell securities in the United States. The securities offered have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the United States except in certain transactions except from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Ember Resources Inc. (TSX:EBR) is pleased to announce today that is has completed its previously announced bought deal financing of 7.0 million common shares at a price of $7.15 per share for total gross proceeds of $50,050,000. The underwriting syndicate was co-lead by FirstEnergy Capital Corp. and GMP Securities Ltd. and included TD Securities Inc., CIBC World Markets Inc., Canaccord Capital Corporation and Raymond James Ltd.

Ember Resources Inc. is a resource company specializing in coal bed methane (CBM) with extensive land and resource holdings in Alberta, Canada. Ember's shares are traded on the Toronto Stock Exchange under the trading symbol "EBR".

Contact Information

  • Ember Resources Inc.
    Mr. Douglas A. Dafoe
    Chairman & C.E.O.
    (403) 270-0803
    (403) 270-2850 (FAX)
    or
    Ember Resources Inc.
    Mr. Terry S. Meek
    President & C.O.O.
    (403) 270-0803
    (403) 270-2850 (FAX)