Canoel International Energy Ltd.
TSX VENTURE : CIL

Canoel International Energy Ltd.

September 25, 2009 13:23 ET

Canoel International Energy Ltd.: Granting of Options

CALGARY, ALBERTA--(Marketwire - Sept. 25, 2009) -

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Canoel International Energy Ltd. ("Canoel" or the "Company") (TSX VENTURE:CIL) wishes to announce that the Company has granted 52,500 incentive stock options to each of its two newly appointed directors, Dario Sodero and Francesco Zofrea. In accordance with the policies of the TSX Venture Exchange, these options are exercisable for a period of five years at an exercise price of CAD $0.125 per share.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Canoel International Energy Ltd.
    Andrea Cattaneo
    Chief Executive Officer and President
    (403) 262-9596
    or
    Canoel International Energy Ltd.
    James H. Grossman
    Chairman
    (403) 262-9596
    info@canoelenergy.com