Gemini Corporation
TSX VENTURE : GKX

Gemini Corporation

September 01, 2009 16:05 ET

Gemini Corporation Grants Options

CALGARY, ALBERTA--(Marketwire - Sept. 1, 2009) - Gemini Corporation (TSX VENTURE:GKX) announces the grant of options to directors, officers and senior employees.

An aggregate of 310,000 options were granted at an exercise price of $0.34 per share, which was the closing market price on August 31, 2009. Under the terms of Gemini's option plan, the options are valid for four years and vest one-third immediately and the remainder at one-third on each of the next two grant date anniversaries. In addition, the Corporation granted 150,000 options at an exercise price of $0.39 and 300,000 options at an exercise price of $0.35 to two officers upon the commencement of their employment earlier in 2009. These grants bring the total number of options outstanding to 3,143,000 or 9.0% of the 34,883,608 issued and outstanding common shares of the Corporation.

Shares of Gemini trade on the TSX Venture Exchange under the symbol "GKX". For more information about the Corporation and its services, go to www.gemini-corp.ca.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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