current page:home>Press Releases>Marketwire>Article

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-09-02

CALGARY, ALBERTA--(MARKET WIRE)--Aug 31, 2007 -- Genoil Inc. (CDNX: - ) (OTC BB: - ) reports that theboard of directors of the Corporation has approved the grantof 1,000,000 incentive stock options for common shares ofthe Corporation to one of the Corporation's officers. Suchoptions expire on August 31, 2012 and have an exercise priceof $0.57, such price being the closing price of the Corporation'sshares on the TSX Venture Exchange on the date precedingthe date of board approval of the grant. 25% of such optionswill vest on August 31, 2007 with an additional 25% to vestannually on August 31 in each of 2008, 2009, and 2010.

About Genoil

Genoil Inc. is an international engineering technology developmentcompany based in Alberta, Canada, that develops innovativehydrocarbon, oil and water separation, and marine technologiesfor the oil and gas and commercial marine industries.

ADVISORY: The TSX Venture Exchange has neither approvednor disapproved of the information contained herein.

ÉÏһƪ£ºTimberland Bancorp to Present at the Super Community Banking Conference   ÏÂһƪ£ºSignature Client Update

[Collection] [Commend] [Comment On(0Item)] [Back Top] [Print] [Close]