Genoil, Inc. (GNOLF.OB) Acquires Wastewater Treatment Plant in Accordance with Broader Company Mission
Genoil is a Canadian engineering technology development company with a portfolio of petroleum technologies. The company operates two major research facilities in Canada and Romania where it focuses on developing cutting edge methods and new breakthrough patents to address the world's energy problems. In line with its operational mission, Genoil has entered into an agreement to acquire a 100 percent interest in Two Hills Environmental Inc., in which Genoil will pay a cash deposit of $100,000; issue 2.5 million common shares of Genoil; and also issue a warrant to purchase 250,000 common shares at market price upon closing to the…