Lignol Grants Stock Options and Issues Shares



    BURNABY, BC, March 26 /CNW/ - Lignol Energy Corp. ("Lignol" or the
"Company") (TSX-V: LEC) today announced that it has granted options to acquire
100,000 common shares of the Company to a recently hired employee, who is an
insider of the Company, pursuant to its Stock Option Plan. The stock options
were granted at an exercise price of $0.82 per share and are exercisable for a
period of five years.
    The Company also announced that it has approved the issuance of 50,000
common shares to a recently hired employee pursuant to an assignment of
intellectual property from that individual. These shares were issued at a
deemed price of $0.70 per share, which was the market price of the common
shares of Lignol on the date immediately prior to the date in which the
employee agreed to the assign the intellectual property to the Company. These
shares are subject to a hold period of two years.

    About Lignol

    Lignol (TSX-V: LEC) is a Canadian company undertaking the development of
biorefining technologies for the production of fuel-grade ethanol and other
biochemical co-products from cellulosic biomass feedstocks. Lignol's modified
solvent based pre-treatment technology, originally developed by a former
affiliate of General Electric, and then further developed and commercialized
for wood-pulp applications by a subsidiary of Repap Enterprises Inc.,
facilitates the rapid, high-yield conversion of cellulose to ethanol and the
production of value-added biochemical co-products, including HP-L(TM). Lignol
is executing on its development plan through strategic partnerships to further
develop and integrate the core technologies on a commercial scale. Lignol also
intends to invest in, or otherwise obtain, equity interests in energy related
projects which have synergies with its biorefining technology. For more
information about Lignol, please visit our website at www.lignol.ca.

    Caution concerning forward-looking information:

    Certain statements contained herein may contain forward-looking
information within the meaning of Canadian securities legislation. Such
forward-looking statements or information include, but are not limited to,
statements or information with respect to unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements
of the Company to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements or
information. Forward-looking statements and information are necessarily based
upon a number of estimates and assumptions that, while considered reasonable
by management, are inherently subject to significant business, economic and
competitive uncertainties and contingencies. Many factors could cause Lignol's
actual results, performance or achievements to be materially different from
any future results, performance or achievements that may be expressed or
implied by such forward-looking statements or information, including among
other things those risk factors which are identified elsewhere in documents
that Lignol files from time to time with securities regulatory authorities.
Should one or more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements or information prove
incorrect, actual results may vary materially from those described herein as
intended, planned, anticipated, believed, estimated or expected. Accordingly,
readers should not place undue reliance on forward-looking statements or
information.  Subject to applicable securities laws, the Company expressly
disclaims any intention or obligation to update or revise any forward looking
statements and information whether as a result of new information, future
events or otherwise. All written and oral forward-looking statements and
information attributable to us or persons acting on our behalf are expressly
qualified in their entirety by the foregoing cautionary statements.

    The TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00004360E




For further information:

For further information: Lignol Energy Corporation, Ross MacLachlan,
President, Tel: (604) 222-9800 ext. 107, Email: info@lignol.ca; The Equicom
Group, Bruce Wigle, Investor Relations, Tel: (416) 815-0700 ext. 228,
Email:bwigle@equicomgroup.com

Organization Profile

Lignol Energy Corporation

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890