EDMONTON, ALBERTA--(Marketwire - Oct. 18, 2011) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Cancen Oil Canada Inc. ("Cancen" or the "Corporation") (TSX VENTURE:COI) announces that its Board of Directors has approved the grant of 4,550,000 stock options to directors, officers and employees of the Corporation, subject to regulatory and TSX Venture Exchange approval. The stock options are each exerciseable to purchase one common share of the Coporation at an exercise price of $0.90 for a period of five years.
Neither TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Frederick Lahaie
(780) 452-7205
info@cancenoil.com