News

December 13, 2018

Firm Contract Price Proposal Received from PCL Industrial Management Inc. (“PCL”)

VANCOUVER, British Columbia, Dec. 13, 2018 (GLOBE NEWSWIRE) — Gen III Oil Corporation (“Gen III” or the “Company”) (TSX-V: GIII) (OTCQX: ISRJF) is pleased to provide the following milestone update: Project Costing The Company previously provided guidance that the Bowden project capex was estimated at $119 million. PCL, our Engineering, Procurement and Construction (“EPC”) contractor, ...

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December 5, 2018

Gen III Oil Corp. Closes Second Tranche of Non-Brokered Private Placement

VANCOUVER, British Columbia, Dec. 05, 2018 (GLOBE NEWSWIRE) — Gen III Oil Corporation (“Gen III” or the “Company”) (TSX-V: GIII) (OTCQX: ISRJF) is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement of up to $3,000,000 (the “Offering”), consisting of 637,500 units (the “Units”) at price of ...

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November 27, 2018

Pending Milestones and Milestones Achieved Since September 2017

VANCOUVER, British Columbia, Nov. 27, 2018 (GLOBE NEWSWIRE) — Gen III Oil Corporation (“Gen III” or the “Company”) (TSX-V: GIII) (OTCQX: ISRJF) is providing the following near-term milestones guidance: Project Level Debt. The Company’s wholly-owned subsidiary, Gen III Oil (Alberta) Inc. (“Gen III Alberta”) received a senior credit facility term sheet from Export Development Canada ...

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November 16, 2018

Gen III Oil Corp. Closes First Tranche of Non-Brokered Private Placement

VANCOUVER, British Columbia, Nov. 16, 2018 (GLOBE NEWSWIRE) — Gen III Oil Corporation (“Gen III” or the “Company“) (TSX-V: GIII) (OTCQX: ISRJF) is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement of up to $3,000,000 (the “Offering“), consisting of 3,766,750 units (the “Units“) at price of ...

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November 7, 2018

Gen III Oil Corp. Receives a Senior Credit Facility Term Sheet from Export Development Canada

VANCOUVER, British Columbia, Nov. 07, 2018 (GLOBE NEWSWIRE) — Gen III Oil Corporation (“Gen III” or the “Company“) (TSX-V: GIII) (OTCQX: ISRJF) is excited to announce it has received a term sheet from Export Development Canada (“EDC”), a financial Crown corporation, for a term loan for up to $72 million (the “Senior Credit Facility”) to ...

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October 31, 2018

Non-Brokered Private Placement

VANCOUVER, British Columbia, Oct. 31, 2018 (GLOBE NEWSWIRE) — Gen III Oil Corp. (“Gen III” or the “Company”) (TSX-V: GIII) (OTCQX: ISRJF) is pleased to provide the following details regarding the previously referenced non-brokered private placement on September 20, 2018: In an effort to maintain FEED momentum and site demolition timelines, Gen III’s board decided ...

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September 20, 2018

Gen III Oil Corp. Corporate Update

VANCOUVER, British Columbia, Sept. 20, 2018 (GLOBE NEWSWIRE) — Gen III Oil Corp. (“Gen III” or the “Company”) (TSX-V: GIII) (OTCQX: ISRJF) is pleased to provide the following corporate updates: Personnel: In late August, the Company entered into a technical and re-refinery operations advisory agreement with Mike Ebert. Mr. Ebert’s first-hand industry knowledge of re-refining ...

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September 4, 2018

Technical & Re-refinery Operations Advisory Arrangement with Mike Ebert

VANCOUVER, British Columbia, Sept. 04, 2018 (GLOBE NEWSWIRE) — Gen III Oil Corp. (“Gen III” or the “Company”) (TSXV: GIII) (OTCQX: ISRJF) is pleased to announce it has entered into a technical and re-refinery operations consulting arrangement with Mike Ebert and Blue Process Advisors, LLC, (the “Consultant”). Mr. Ebert commenced his 34-year career in the ...

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August 27, 2018

Front-End Engineering and Design (“FEED”) Update

VANCOUVER, British Columbia, Aug. 27, 2018 (GLOBE NEWSWIRE) — Gen III Oil Corp. (“Gen III” or the “Company”) (TSX-V:GIII) is pleased to provide the following update on the FEED process. Stage 1 (Stantec Consulting Ltd.) and Stage 3 (Process Dynamics Inc.) design packages (“PDP’s”) have been completed ahead of schedule and are currently undergoing edits ...

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July 23, 2018

Gen III Oil Corp. Patents Update

VANCOUVER, BRITISH COLUMBIA, July. 23, 2018 (GLOBE NEWSWIRE) – (“Gen III” or the “Company“) (TSX VENTURE:GIII) (FRA:PN41) is pleased to announce that the Commissioner of Patents at the Canadian Intellectual Property Office inside Innovation, Science and Economic Development Canada has granted Gen III, Canadian Patent No. 2,845,173 (““Method for Producing Base Lubricating Oil from Oils ...

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July 9, 2018

Gen III Oil Corp. Corporate Update

VANCOUVER, BRITISH COLUMBIA, July. 9, 2018 (GLOBE NEWSWIRE) Gen III Oil Corp.(“Gen III” or the “Company“)(TSX-V:GIII) is pleased to provide the following corporate updates: Analyst Coverage and Marketing: On May 10, Canaccord Genuity initiated analyst coverage of Gen III which was followed in late June by a five-day marketing tour through Vancouver, Calgary, Toronto and ...

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May 30, 2018

Gen III Oil Corp. Announces Selection of Koch Modular Process Systems as Preferred Technical Sub Contractor

VANCOUVER, BRITISH COLUMBIA, May. 30, 2018 (GLOBE NEWSWIRE) – Mr. Gordon Driedger, P.Eng, President and COO of Gen III Oil Corp.(“Gen III” or the “Company“) (TSX VENTURE:GIII) (FRA:PN41) is pleased to announce the selection of Koch Modular Process Systems, LLC, (“Koch Modular“) as the Company’s preferred Engineering, Procurement and Fabrication subcontractor for the Performance Guaranteed ...

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May 15, 2018

Gen III Oil Corp. Announces Initial Analyst Coverage Report by Canaccord Genuity Corp.

VANCOUVER, BRITISH COLUMBIA, May. 15, 2018 (GLOBE NEWSWIRE) – Gen III Oil Corporation (“Gen III” or the “Company“) (TSX VENTURE:GIII) (FRA:PN41) is pleased to announce that Canaccord Genuity Corp. “Canaccord” – a Vancouver, Canada headquartered investment dealer, has published an initial equity analyst research report on the Company. The research report dated May 10, 2018, ...

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May 7, 2018

Gen III Oil Announces Hiring of Mark Redcliffe as Executive Vice President, Corporate Finance

VANCOUVER, BRITISH COLUMBIA, May. 07, 2018 (GLOBE NEWSWIRE) – Gen III Oil Corporation (“Gen III” or the “Company“) (TSX VENTURE:GIII) (FRA:PN41) is pleased to announce the hiring of Mr. Mark Redcliffe in the role of Executive Vice President, Corporate Finance. Mr. Redcliffe brings significant securities industry and venture investment banking experience to the Company and ...

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May 3, 2018

Gen III Oil Corp. Completes Shares for Debt Settlement

VANCOUVER, BRITISH COLUMBIA, May. 03, 2018 (GLOBE NEWSWIRE) – Gen III Oil Corporation (“Gen III” or the “Company“) (TSX VENTURE:GIII) (FRA:PN41) is pleased to announce that it has completed the shares for debt transaction announced on March 13, 2018, after receiving approval of the TSX Venture Exchange. Pursuant to the shares for debt transaction, the ...

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March 29, 2018

Gen III Oil Corp. retains Hybrid Financial for Investor Relations

VANCOUVER, BRITISH COLUMBIA, Mar. 29, 2018 (GLOBE NEWSWIRE) – Gen III Oil Corporation (“Gen III” or the “Company“) (TSX VENTURE:GIII) (FRA:PN41) is pleased to announce that it has retained Hybrid Financial Inc. (“Hybrid“) for strategic investor relations initiatives. The initiatives will include marketing, distribution, and branding services for Gen III with a specific focus on ...

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March 26, 2018

Gen III Oil Corp. Announces Selection of PCL as EPC Contractor

VANCOUVER, BRITISH COLUMBIA, Mar. 26, 2018 (GLOBE NEWSWIRE) – Gen III Oil Corporation (“Gen III” or the “Company“) (TSX VENTURE:GIII) is pleased to announce the engagement of PCL Industrial Management Inc. (“PCL“) as the Company’s Engineering, Procurement and Construction (“EPC“) contractor for its Bowden, Alberta re-refinery project. PCL will be joining the Gen III Bowden ...

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March 13, 2018

Gen III Oil Corp. Announces Promotion of Gordon Driedger to President and COO, Shares for Debt Transaction and Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA, Mar. 13, 2018 (GLOBE NEWSWIRE) – Gen III Oil Corporation (“Gen III” or the “Company“) (TSX VENTURE:GIII) is pleased to announce the promotion of Mr. Gordon Driedger, P.Eng, to the role of President and COO. Mr. Driedger brings significant EPC project delivery experience to the Corporation, and he will be instrumental in ...

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February 20, 2018

Gen III Oil Corp. signs Term Sheet for CAD$72 Million Secured Credit Facility

VANCOUVER, BRITISH COLUMBIA, Feb. 20, 2018 (GLOBE NEWSWIRE) – Gen III Oil Corporation (“Gen III” or the “Company“) (TSX VENTURE:GIII) is pleased to announce that it has signed a 60-day exclusive term sheet for a CAD$72 million senior secured term loan credit facility (the “Facility“) for the Company’s wholly owned subsidiary, Gen III Oil (Alberta) ...

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January 18, 2018

Gen III Oil Corp. Announces Appointment of new COO

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 18, 2018) – NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Gen III Oil Corporation (“Gen III” or the “Company“) (TSX VENTURE:GIII) is pleased to announce the appointment of Mr. Gordon Driedger, P.Eng. as its new Chief Operating Officer, effective January 17, 2018. ...

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January 17, 2018

Junior company Gen III Oil investing $90 million to rebuild idle oil refinery in Alberta

CALGARY, ALBERTA–(Financial Post – Jan. 17, 2018) – Gen III Oil Corp. plans build a re-refinery this summer – making it the first re-refinery on the Prairies and just the third in Canada after a facility in North Vancouver and one in Kitchener, Ont. CALGARY – A little-known, TSX-Venture listed company plans to tear down ...

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Gen III Oil Corp. signs 20 Year Lease with Parkland Refining Ltd.

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 17, 2018) – NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Gen III Oil Corporation (“Gen III” or the “Company“) (TSX VENTURE:GIII) is pleased to announce that further to its press release dated February 28, 2017, it has completed its lease negotiations with ...

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January 16, 2018

Gen III Oil Corp. Continues to Deliver on Planned Initiatives with engagement of Stantec Consulting Ltd. for FEED Report

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 16, 2018) – NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Gen III Oil Corporation (“Gen III” or the “Company“) (TSX VENTURE:GIII) is pleased to announce the completion of its negotiated contract with Stantec Consulting Ltd. (“Stantec“) to complete the Front-End Engineering and ...

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