|By Marketwired .||
|March 21, 2014 06:54 AM EDT||
NEW YORK, NEW YORK -- (Marketwired) -- 03/21/14 -- Genoil Inc. ("Genoil" or the "Corporation") (OTCBB: GNOLF) (GNOLF) announces that it has closed a non-brokered United States private placement, pursuant to which the Corporation issued 3,042,668 common shares, at a price of Cdn $0.015 per share for total gross proceeds of $45,650.00. The common shares issued in connection with the private placement are subject to hold periods pursuant to relevant holding periods. In connection with the shares issued for this private placement the company issued 3,042,668 warrants at a strike price of .05.
Genoil is pleased to announce that it has settled $316,500 in debt for 21,100,000 common shares at a price of $0.015 USD per share as part of shares for debt settlement agreements with various parties for consulting services performed. The shares issued in connection with the settlement of this debt are subject to United States hold period from their date of issuance. 6,000,000 of these common shares were issued to an insider of Genoil.
Genoil also reports that the board of directors of the Corporation has approved stock options pursuant to Genoil's stock option plan as an incentive and as consideration for employees, directors and consultants to acquire up to an aggregate of 13,800,000 common shares of the Corporation. Of the options to be granted, 7,000,000 are to directors and officers, with the remaining grants to employees and consultants. All of the 13,800,000 options were approved with an exercise price of $0.015. 4,000,000 million of this option total does not vest immediately but over a period of time.
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the...
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Recently announced Azure Data Lake addresses the big data 3V challenges; volume, velocity and variety. It is one more storage feature in addition to blobs and SQL Azure database. Azure Data Lake (should have been Azure Data Ocean IMHO) is really omnipotent. Just look at the key capabilities of Azure Data Lake:
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The IoT market is on track to hit $7.1 trillion in 2020. The reality is that only a handful of companies are ready for this massive demand. There are a lot of barriers, paint points, traps, and hidden roadblocks. How can we deal with these issues and challenges? The paradigm has changed. Old-style ad-hoc trial-and-error ways will certainly lead you to the dead end. What is mandatory is an overarching and adaptive approach to effectively handle the rapid changes and exponential growth.
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Oct. 9, 2015 12:45 PM EDT Reads: 118
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