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BRIEF-Emerald Bay announces private placement

Wednesday, 3 Oct 2012 | 3:38 PM ET

Oct 3 (Reuters) - Emerald Bay Energy Inc :

* Announces private placement

* To offer up to a maximum of 24.0 million units at a subscription price of

$0.05 per unit

* Net proceeds will be used for exploration and expansion of the corporation's

south Texas property

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