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10% holder buying at Emerald Bay Energy (:EBY)

Updated Tuesday Feb 05, 2019 01:56 AM EDT

Clarence Wagenaar, a 10% Holder, acquired 18,493,178 Common Shares on a direct ownership basis at a price of $0.050 through a private transaction on February 4th, 2019. This represents a $924,659 investment into the company's shares and an account share holdings change of 58.6%.

Emerald Bay Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Emerald Bay Energy Inc. is a junior oil and gas producer. The Company has production properties in Western Canada and South Texas. The Company is engaged in the exploration for and development of petroleum and natural gas properties principally in Alberta and Texas. Its geographic segments include Canada and United States. The Company's energy portfolio in Central Alberta includes natural gas, oil and electrical power generation. Its primary focus is on its exploration and evaluation project in Guadalupe County, Texas. In Guadalupe County, the Company holds approximately 3,000 acres of land for exploration and development activities. The lands are divided into four projects: Wooden Horse, Nash Creek, Cottonwood Creek and Holmes Lake. Its natural gas-fired electrical power generation plant is located near Nevis, Alberta. Its coal bed methane wells are used as the fuel for the power plant. Its projects in Medina, Bexar and Atascosa counties include Somerset, Taylor-Ina and Chicon Lake.

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