Canoel International Energy Ltd.
TSX VENTURE : CIL

Canoel International Energy Ltd.

September 30, 2010 08:39 ET

Canoel Announces Grant of Stock Options

CALGARY, ALBERTA--(Marketwire - Sept. 30, 2010) -

THIS PRESS RELEASE IS NOT TO BE DISTRIBUTED TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Canoel International Energy Ltd. ("Canoel" or the "Company") (TSX VENTURE:CIL) announces that it has granted 150,000 stock options to each of the seven directors of the Corporation, and 100,000 to each of the two members of its advisory board. Each option entitles the holder thereof to purchase one common share in the capital of the Corporation at a price of $0.10 per share on or before the fifth anniversary of the date of issue.

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
    info@canoelenergy.com