CALGARY, Jan. 10, 2012 /CNW/ - 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
EmberClear is an advanced energy development company. Based on global
energy needs from a growing population, our solutions are designed to
deploy commercial scale energy technologies, which enable dramatic
improvements in the efficiency and cleanliness of fossil fuels and
alternative energy sources. Our goal is to find economically viable
business models with the potential to deliver reduced emissions of over
50% when compared to industry average results in the utilization of
coal while also deploying state of the art carbon dioxide capture
solutions.
Our expertise is being utilized by a diverse group of governments,
utilities and industrial companies spanning a wide range of geographies
with the common interest in creating gasification, supercritical (SC),
ultra-supercritical (USC), circulating fluidized bed (CFB) and
post-combustion carbon dioxide capture (PCC) energy solutions producing
electricity, synthetic gas, liquid fuels, fertilizers, and industrial
construction products. Our solutions often include the vast thermal
chemistry sciences and processes developed by Huaneng Clean Energy
Research Institute (HCERI). HCERI has the most experience and resources
devoted to this industry. Our partnership ensures advanced energy
solutions are financially sustainable so that the benefits accrue to
the global marketplace and not just a few special projects.
For more information please visit www.emberclear.com.
Forward-Looking Statement Disclaimer
Certain statements contained in this document constitute forward-looking
statements or information (collectively "forward-looking statements")
within the meaning of applicable securities legislation.
Forward-looking statements are typically identified by words such as
"anticipate", "continue", "estimate", "expect", "forecast", "may",
"will", "project", "could", "plan", "intend", "should", "believe",
"outlook", "potential", "target", "seek", "budget", "predict", "might"
and similar words suggesting future events or future performance. All
statements other than statements of historical fact may be
forward-looking statements. In particular, this document contains
forward-looking statements pertaining to, without limitation, the
following: statements about our intention and ability to construct and
operate an advanced coal, low-emissions energy project on the
property. With respect to forward-looking statements contained in this
document, we have made assumptions regarding, among other things, the
following: the economic viability of an energy project, the suitability
of this site for an energy project, the emissions generated from an
advanced coal plant, and energy needs. Although we believe that the
expectations reflected in the forward-looking statements contained in
this document, and the assumptions on which such forward-looking
statements are made, are reasonable, there can be no assurance that
such expectations will prove to be correct. Readers are cautioned not
to place undue reliance on forward-looking statements included in this
document, as there can be no assurance that the plans, intentions or
expectations upon which the forward-looking statements are based will
occur. By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties that contribute
to the possibility that the predictions, forecasts, projections and
other forward-looking statements will not occur, which may cause our
actual performance and financial results in future periods to differ
materially from any estimates or projections of future performance or
results expressed or implied by such forward-looking statements. These
risks and uncertainties include, among other things, the following: the
possibility that the property will not prove to be suitable for an
advanced coal energy project or that EmberClear will not have the
financial or other resources to develop, construct or operate such
plant or other project. Readers are cautioned that this list of risk
factors should not be construed as exhaustive. The forward-looking
statements contained in this document speak only as of the date of this
document. Except as expressly required by applicable securities laws,
we do not undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements contained in
this document are expressly qualified by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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© 2012 EmberClear Corp.
All rights reserved. All other trademarks are the property of their
respective owners.
<p> <b>David G. Anderson</b><br/> CFO<br/> Tel: +1 (403) 264-8817 </p>