Emerald Bay Energy Inc. (TSXV:EBY) announced a private placement maximum of 25,000,000 unit at a price of CAD 0.02 per unit for a gross proceeds of up to CAD 500,000 on January 10, 2019. Each unit shall consist of one common share and one share purchase warrant. Each full warrant shall entitle the holder thereof to purchase one additional common share for a period of 12 months from the issuance of the units at a price of CAD 0.05. The warrants are subject to an acceleration clause whereby if after four months and one day following the date the warrants are issued, the closing price of the common shares on the principal market on which such shares trade is equal to or exceeds CAD 0.10 for 30 consecutive trading days the warrant expiry date shall accelerate to the date which is 30 calendar days following the date a press release is issued by the company announcing the reduced warrant term, provided, no more than five business days following the eligible acceleration date: (i) he press release is issued; and (ii) notices are sent to all warrant holders. All of the securities issued pursuant to the transaction are subject to a four month hold period. The terms of the transaction are according to TSX Venture Exchange discretionary waivers of CAD 0.05 minimum pricing requirement bulletin dated April 7, 2014 and are subject to the approval of the TSX Venture Exchange.