EmberClear Signs a Land Option Agreement
With Swatara Coal Company
Calgary, AB - January 10, 2012 - EmberClear Corp.
(TSXV: EMB) ("EmberClear") is pleased to announce
its subsidiary, EmberClear Reserves Inc. ("EmberClear
Reserves"), has entered into an option agreement to
purchase property (the "Option Agreement") with Swatara
Coal Company. The property is located in Reilly Township,
Schuylkill County, Commonwealth of Pennsylvania, and
consists of approximately 350 acres. Pursuant to the Option
Agreement, EmberClear Reserves has been granted access to
the property to conduct studies to determine the
suitability of the property for supporting our project
plans.
The Option Agreement has a one-year term subject to limited
term extension and termination provisions. The Option
Agreement provides that EmberClear Reserves will have the
option to purchase the land and all mineral and allowable
resources thereunder, including the water rights, rails,
rights of way, and/or associated permits. If EmberClear
commences coal removal from the land it shall pay a monthly
royalty payment for all coal extracted from the
land.
"The Swatara property is strategically located near our
Good Spring and Walacavage properties," said Albert Lin,
CEO EmberClear. "The opportunity to acquire additional
assets supporting our advanced coal projects improves our
position in creating economically sound low-emissions
energy for this country. We are excited to continue
building leading edge projects in this great Pennsylvania
community."
About EmberClear Corp.