Company: GNOLF
Filing Date: 2025-05-01
Form Type: 20-F/A
Source: 0001654954-25-004987
Chunk: 28

Company: GENOIL INC
Filing Date: 2025-05-01
Form: 20-F/A
Chunk 28
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| November 2024          |     |      | 0.01 |     |     | 0.00 |
| December 2024          |     |      | 0.01 |     |     | 0.01 |
| January 2025           |     |      | 0.01 |     |     | 0.01 |
| February 2025          |     |      | 0.02 |     |     | 0.01 |
| March 2025             |     |      | 0.01 |     |     | 0.01 |
| April 2025             |     |      | 0.02 |     |     | 0.00 |

B. Plan of distribution.

Not required as this is an annual report under the Exchange Act.

C.Markets.

The issued and outstanding Common Shares are listed and posted for trading on the OTC Bulletin Board under the symbol "GNOLF". The Corporation's Common Shares are registered shares.

D.Selling shareholders.

Not required as this is an annual report under the Exchange Act.

E.Dilution.

Not required as this is an annual report under the Exchange Act.

| 21 |

F.Expenses of the issue.

Not required as this is an annual report under the Exchange Act.

Item 10. Additional Information

A.Share capital.

Not required as this is an annual report under the Exchange Act.

B.Memorandum and articles of association.

Genoil was formed by the amalgamation under the Canada Business Corporations Act (the "CBCA") of Genoil Inc. and Continental Fashions Group Inc. ("CFG"), a public company whose shares traded on the Alberta Stock Exchange. At the time of the merger CFG had no assets, no liabilities and did not carry on any business. Genoil was incorporated in April of 1996 under Certificate of Incorporation no. 324649-3. In June of 1996, it amended and altered its Memorandum and Articles of Association. This amendment was made to facilitate a reorganization of its share capital in accordance with the amalgamation referenced above. The Articles of Amalgamation, adopted in September of 1996, replaced the Articles of Incorporation, as amended.

At the Annual and Special Meeting of Shareholders of the Corporation, held on May 31, 2006, shareholders of the Corporation passed a special resolution authorizing the Corporation to amend its Articles to create an additional class of share to be designed