Sernova Corp
TSX VENTURE : SVA

Sernova Corp

June 08, 2009 17:30 ET

Sernova Corp.: Grant of Stock Options

LONDON, ONTARIO--(Marketwire - June 8, 2009) - Sernova Corp. (TSX VENTURE:SVA) -

Sernova announces the granting of incentive stock options to Directors, Officers and members of its Scientific Advisory Board to purchase up to an aggregate of 883,875 common shares at $0.14 per share for a period of 5 years expiring June 8, 2014.

About Sernova

Sernova Corp. is a Canadian-based, health-sciences company focused on commercializing medical technologies. Sernova is currently developing a platform technology for a number of serious disease indications, starting with a novel treatment for insulin-dependent diabetes, using its patented Sertolin cell technology. According to the American Diabetes Association approximately 9 million Americans require insulin injections and it is the sixth leading cause of death in the United States. One out of every 8 dollars spent on health care in the United States is spent on treating diabetes and its complications. Worldwide expenditures on insulin alone are estimated to be $15 billion annually and growing.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

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