CALGARY, ALBERTA--(Marketwire - Nov. 21, 2012) - Gemini Corporation (TSX VENTURE:GKX) announces the grant of options to directors, officers and senior employees.
An aggregate of 1,350,000 options were granted at an exercise price of $0.27 per share, which was the closing market price on November 19, 2012. Under the terms of Gemini's option plan, the options are valid for four years from the date of grant and vest one-third immediately and the remainder at one-third on each of the next two grant date anniversaries. These grants bring the total number of options outstanding to 3,548,334 or 6.5% of the 54,780,274 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.geminicorp.ca.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.