MISSISSAUGA, ONTARIO -- (MARKET WIRE) -- March 27, 2007 -- On March 27, 2007, the board of directors of Covalon Technologies Ltd. (“Covalon” or the “Company) (TSX VENTURE: COV) granted 975,000 options to purchase common shares to certain of its directors and officers. The options have an exercise price of $1.53 per share, and expire on the fifth anniversary of the date of grant.
