CALGARY, Nov. 25 /CNW/ - EmberClear Inc. (TSXV: EMB) ("EmberClear") has filed an Information Circular relating to the previously announced arrangement agreement (the "Arrangement") with EmberClear Corp. and Future Ventures, LLC ("Future Ventures") which provides for, among other things, the proposed acquisition (the "Acquisition") of Future Ventures. A special meeting of EmberClear shareholders will be held on Friday, December 17, 2010 at 10 am (Mountain Time) in Calgary, Alberta to consider and vote on the proposed Arrangement.
The Information Circular, which describes the proposed Arrangement and Acquisition in detail, will be mailed to shareholders on or about November 26, 2010. A copy of the Information Circular has been filed on SEDAR and can be viewed and downloaded at www.sedar.com.
About EmberClear Inc.
EmberClear is an investment company focused in the clean energy technology industry. EmberClear aims to accelerate the adoption of technologies enabling dramatic improvements in the efficiency and cleanliness of fossil fuel consumption. EmberClear's goal is to find economically viable business models with the potential to deliver reduced emissions of over 50% when compared to industry average results.
EmberClear has a strategic investment in Future Power PA Inc ("FPPI"). FPPI is a joint venture of Future Fuels LLC (a wholly-owned subsidiary of Future Ventures LLC) and EmberClear. Houston-based Future Fuels LLC develops cleaner coal gasification projects and holds land, rights to access coal reserves, technology licenses and other project related assets. FPPI's Good Spring IGCC Project in northeastern Pennsylvania is one of the power projects being developed by Future Fuels LLC, which is currently in the early stages of developing similar projects in other parts of the world. For more information please visit www.emberclear.com.
About Future Ventures, LLC
Future Ventures is a limited liability company formed in 2006 under the laws of the State of Delaware with a head office in Houston, Texas. Since formation, Future Ventures has focused on becoming a 21st century clean energy development company. Future Ventures is committed to developing cleaner worldwide solutions for power generation by working closely with universities and technical institutions, including its technology partners.
Forward-Looking Statements
Certain statements contained in this document constitute forward-looking statements or information (collectively "forward-looking statements") within the meaning of the "safe harbour" provisions of applicable securities legislation. Forward-looking statements are typically identified by words such as "expect", "intend", "may", "will", "believe", "potential" and similar words suggesting future events or future performance. In particular, this document contains forward-looking statements pertaining to, without limitation, the proposed Arrangement and Acquisition. With respect to forward-looking statements contained in this document, we have made various assumptions, including the ability of the parties to obtain all approvals required and the ability of the parties to satisfy all conditions precedent required to complete the Arrangement and the Acquisition. 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.
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
© 2010 EmberClear Inc. All rights reserved. All other trademarks are the property of their respective owners.
%SEDAR: 00021691E
For further information:
David G. Anderson
Investor Relations
Tel: (866) 333-8817
Karen Tanaka
Tel: (866) 333-8817
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