Canoel International Energy Ltd.
TSX VENTURE : CIL

Canoel International Energy Ltd.

March 04, 2011 07:06 ET

Canoel Announces Grant of Stock Options

CALGARY, ALBERTA--(Marketwire - March 4, 2011) -

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Canoel International Energy Ltd. ("Canoel" or the "Company") (TSX VENTURE:CIL) announces that it has granted an aggregate of 900,000 stock options to the six directors of the Corporation, effective March 3, 2011. Each option entitles the holder thereof to purchase one common share in the capital of the Corporation at a price of $0.09 per share. The stock options expire 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.
    Jose ramon Lopez portillo
    Chairman of the Board
    (403) 938 8154
    info@canoelenergy.com
    or
    Canoel International Energy Ltd.
    Andrea Cattaneo
    CEO & President
    (403) 938 8154
    info@canoelenergy.com