EMBER RESOURCES INC. ANNOUNCES A MARKETED COMMON SHARE OFFERING AND PROVIDES A CORPORATE UPDATE
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Equity Financing
Ember Resources Inc. (“Ember” or the “Company”) has filed a preliminary short form prospectus (the "Prospectus") in each of the Provinces of Canada (other than Quebec) in connection with a marketed public offering (the "Offering") of common shares (the "Common Shares"). Ember intends to conduct the Offering through a syndicate of underwriters led by RBC Capital Markets and including CIBC World Markets, FirstEnergy Capital, GMP Securities and Peters & Co. Limited (the “Underwriters”). Aggregate gross proceeds from the Offering are anticipated to be approximately $20,000,000.
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FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements including expectations of future production, cash flow and earnings. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Additional information on these and other factors that could affect the Company’s operations or financial results are included in the Company’s reports on file with Canadian securities regulatory authorities.
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”.
FOR FURTHER INFORMATION PLEASE CONTACT
Mr. Douglas A. Dafoe
President & C.E.O.
Ember Resources Inc.
Telephone: 403 270-0803
Facsimile: 403 270-2850
Mr. Terry S. Meek
Executive Vice President & C.O.O.
Ember Resources Inc.
Telephone: 403 270-0803
Facsimile: 403 270-2850
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