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| Home : Genoil Completes a Non Brokered Private Placement |
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Apr 11 2016 |
Genoil Completes a Non Brokered Private Placement |
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CALGARY, ALBERTA--(Marketwired - April 11, 2016) - Genoil Inc. (OTCBB:GNOLF) - The company closed its private placement on Friday December 11, 2015, raising gross proceeds of $322,730 totaling 6,454,600 shares at a price of $ 0.05 per unit. Each unit is comprised of one common share of the company and one transferrable common share purchase warrant (a warrant). Each warrant will entitle the holder to purchase one additional common share of the company at an exercise price of $ 0.05 per share for a period of five years from the date the Warrants were issued. |
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| Source:http://www.marketwired.com/mw/release.do?id=2113486&sourceType=3 |
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