EmberClear Corp.
TSX VENTURE : EMB

EmberClear Corp.

February 03, 2015 08:33 ET

EmberClear Announces Resumption of Trading and Business Plan Notes

CALGARY, ALBERTA--(Marketwired - Feb. 3, 2015) - EmberClear Corp. (TSX VENTURE:EMB) (the "Company") is pleased to announce that trading of the Company's common shares will resume on the TSX Venture Exchange at the opening of trading today, February 3, 2015 in conjunction with the revocation of the previously issued cease trade orders issued by each of the Alberta Securities Commission, British Columbia Securities Commission and Ontario Securities Commission.

The Company has taken important steps to streamline operations and has expanded its project portfolio to take full advantage of low cost natural gas available in North America. The accounting and administrative functions have been consolidated at the Company's Houston office to allow more efficient operations.

The previously announced Good Spring NGCC power project that has been developed with Tyr Energy (a subsidiary of ITOCHU Corporation) continues to progress towards a financial close later in 2015. In addition, EmberClear has added new early stage natural gas conversion opportunities to its portfolio that will be announced as key milestones are achieved.

"The record low pricing for natural gas, especially on long term contracts, has positioned our natural gas conversion portfolio to be in the right place at the right time. Economics of upgrading natural gas to premium products like power and liquid fuels is very strong in the current market," said Nick Cohen, Chief Operating Officer.

Forward-Looking Statement Disclaimer

Certain statements contained in this press release 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, the resumption of trading of the Company's common shares on the TSX Venture Exchange, the closing of the Good Spring NGCC power project and the Company's new early stage natural gas conversion opportunities. With respect to forward-looking statements contained in this document, we have made various assumptions, including the timing for resumption of trading on the TSX Venture Exchange, the timing for closing of the Good Spring NGCC power project later in 2015 and the achievement of key milestones for the Company's new natural gas conversion opportunities. 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. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause our actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking statements contained in this press release speak only as of the date of this press release. Except as expressly required by applicable securities laws, we do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

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.

Contact Information

  • EmberClear Corp.
    David G. Anderson
    Chief Executive Officer
    403.264.8817