Emerald Bay Announces Private Placement.

(From Canada Newswire)

Byline: Mary Divine

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, June 20, 2012 /CNW/ - Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation" or "Emerald Bay") today reported that the Corporation is proposing a private placement offering of up to $1,000,000 (up to a maximum of 14,285,715 common shares ("Common Shares") of the Corporation). The Common Shares are to be issued under a unit offering whereby up to a maximum of 14,285,715 units ("Units") at a subscription price of $0.07 per Unit are to be offered. Each Unit shall consist of one (1) Common Share of the …