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CALGARY, ALBERTA--(Marketwired - Dec. 4, 2013) - Genoil Inc. ("Genoil" or the "Corporation") (TSX VENTURE:GNO)(OTCBB:GNOLF) announces that it has closed a non-brokered United States private placement, pursuant to which the Corporation issued 20,599,999 common shares, at a price of Cdn $0.015 per share for total gross proceeds of $309,000. The common shares issued in connection with the private placement are subject to hold periods pursuant to holding periods depending on country regulations. |