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Tenbagger-Potential bei GEN III Oil (A2DYXJ) - Lukratives und umweltschonendes Recycling von Motoröl - Die letzten 30 Beiträge

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Gen III Oil Corp. – Consulting arrangement with Edward T. “Ned” Murray and Update on Supply of Used Motor Oil
VANCOUVER, British Columbia, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Gen III Oil Corp. (“Gen III” or the “Company”) (TSX-V: GIII) (OTCQX: ISRJF) is pleased to announce it has entered into a feedstock, offtake and logistics consulting arrangement with Edward T. Murray (“Ned”) through his company, Trailside Consulting, LLC and has expanded its available supply of used motor oil (“UMO”).

Consulting Agreement

Ned commenced his 34-year career in the environmental services and recycling industry with Safety-Kleen Corporation (“Safety-Kleen”) and its predecessor companies and then Perma-Fix Environmental Services, MHF Logistical Solutions, and Shamrock Environmental Services where he gained experience in fixed facility and project operations, rail/truck transportation/logistics, sales and business development before returning to Safety-Kleen between 2007 and 2011, in sales, operations and business development.

Ned joined Universal Lubricants, LLC (“Universal”) in 2012 and in 2014, became the Vice President, Environmental Services where he was responsible for operations in 12 states. This included the collection/aggregation of UMO and ensuring Universal’s re-refinery had a consistent supply of quality UMO feedstock.

In 2016 Ned became the President of Midstate Environmental Services, LP which was sold in late 2017.

Ned was also on the board of directors of NORA, An Association of Responsible Recyclers in 2017.

Ned commented: “I am excited to be part of the Gen III team and to lend my support. Gen III’s superior technology provides a great platform for the recovery of the highest quality base stocks from UMO while creating a renewable resource from a waste product.”

Ned is indicative of the quality, UMO industry personnel the Company is attracting as we continue to de-risk and transition from concept and design to plant fabrication and commissioning. Ned joins our team including former Safety-Kleen alumni, Mike Ebert, who also has 34 years in the re-refining business and was hired by Gen III in September, 2018 to provide technical and re-refinery operations consulting to the Company.

Company CEO Greg Clarkes stated, “Ned’s first-hand knowledge of used motor oil aggregation, the operation of wastewater treatment plants, rail/truck logistics and UMO industry sales is most impressive. With the addition of both Ned Murray and Mike Ebert PEng, two re-refining industry veterans, we continue to build out the management ranks and ensure a robust future for the Company and our shareholders.”

The Company has granted 250,000 stock options to Ned, entitling him to purchase one common share for each option held at a price of $0.70 per share and valid for a period of two years. The options will vest in three tranches and will closely align Ned’s goals with those of Gen III.

Update on UMO Supply

The Company also announces further to its corporate updates on September 20, 2018 and November 27, 2018 it has signed an additional non-binding letter of intent with a senior industry participant for the supply of UMO which considerably increases our available annual UMO feedstock requirement and will allow Gen III to further diversify our feedstock supply chain.


The Company also announces the departure of George Davidson as Executive Vice President and his transition to that of an external consultant to the Company.
Die geht wohl doch wieder zurück auf Start... bedeutet unter 0,2$
Antwort auf Beitrag Nr.: 59.557.424 von techinvestor69 am 04.01.19 12:32:40Boah, krass und gut!!!
2018-11-27 10:07 ET - News Release

Mr. Greg Clarkes reports


Gen III Oil Corp. has provided 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 ("EDC"), a financial Crown corporation, for a term loan for up to $72 million (the "Senior Credit Facility") to finance up to 50% of our base oil re-refinery in Bowden, Alberta (the "Project"). This financing is non-dilutive to shareholders of the public Company. With EDC offering credit to Gen III Alberta against capital previously expended, we believe our current financing ratio is 55% debt to 45% equity. This ratio will continue to evolve.

Project Level Equity

Management and the Board of Directors decided earlier this year the goal of project financing was to minimize/eliminate dilution to shareholders of the public Company. We are actively working with private equity, family offices and strategic partners to finance the Project at the Gen III Alberta level.

Non-Brokered Private Placement

The Company is in dialogue with a number of parties to ensure the second tranche of its NBPP is strategically placed.

FEED Study

Front-End Engineering and Design ("FEED") study is nearing completion. We anticipate the FEED Study will be delivered to the Company in late Q4 2018.

Project Costing

Construction capex is estimated at $89.4 million and we have added a 22% margin for inflation, engineering/construction variables, carrying costs and G&A, resulting in a total Project capex of $119 million. A thorough review of the ongoing FEED study is being undertaken by our Engineering, Procurement and Construction ("EPC") contractor, PCL Industrial Management Inc. ("PCL"). The Company anticipates securing an updated, fixed Project price from PCL in late Q4, 2018.


Senior management of the Company attended the NORA conference in early November, 2018. NORA membership includes all major participants in the used motor oil ("UMO") collection and re-refining sectors. As a direct result of meetings held during the NORA conference, the Company is currently engaged in UMO supply negotiations with several of the largest collectors and re-refiners in North America.

Site Demolition

Tendering for site demolition is complete. The Company is finalizing its review of the submissions and we expect to make an award announcement shortly.

Project Commissioning

The targeted commissioning of the Project is Q1 2020.

Future Facilities, Joint Ventures and Licensing of IP

The Company is actively engaged in discussions with parties in the USA and Europe for additional re-refining projects.



Eliminated Company debt;
Obtained a secured credit facility term sheet for CDN$72 million in February, 2018;
Data room re-organized in June. Now contains >350 documents;
Placed nine potential project level funding parties into the data room between Q2-Q4/18;
Secured another senior credit facility term sheet in Q4/18 from EDC for >50% of project financing.

Site, Demolition and Construction:

20 years lease with Parkland Refining Ltd. signed in January, 2018;
PCL selected as EPC contractor in March, 2018;
Expert Rail Systems railcar and additional three-spur rail design ladder report accepted in May, 2018;
Thurber Engineering's Bowden site soils investigation and geotechnical report approved in July, 2018;
Application made to Alberta Environmental and Parks for an Environmental and Enhancement Act Industrial Approval for the Bowden Facility in July, 2018;
JADA Solutions (HSE) Inc. completed a semi-destructive pre-demolition hazardous abatement assessment for the Bowden facility. Final report submitted in June, 2018;
Final demolition Request For Proposal ("RFP") packages were secured in November, 2018.


Stantec Consulting Ltd. selected in January, 2018 to complete FEED;
Koch Modular selected as Engineering, Procurement and Fabrication subcontractor for Stage 2 in May, 2018;
Stage 1 (Stantec) and Stage 3 (Process Dynamics) design packages ("PDP's") completed ahead of schedule and currently undergoing edits;
Licensing being finalized with Process Dynamics.

Pilot Testing

Koch Modular completed additional pilot tests during August, 2018, confirming Group III yield outputs.


Seventh patent awarded in July, 2018 with nine still pending.

UMO Supply

First formal UMO supply LOI signed in August, 2018 for up to 2.3 million gallons.


In September, 2017 the Company signed an initial five-year Purchase and Sale Agreement ("PSA") with Elbow River Marketing Ltd., for the majority of Gen III's finished products.

Carbon Credits

Cap-Op Energy engaged in January, 2018 for the development of a government-approved Carbon Offset Quantification.


Canaccord Genuity initiated analyst coverage in May, 2018.
Hybrid Financial hired in April, 2018 for a three-month's contract to cover North America and Europe.
Five-day marketing tour undertaken throughout Canada and London (UK) during July, 2018.
Company sponsored events at the NORA conferences in Baltimore (June, 2018) and Rancho Mirage (November, 2018).

Political Outreach:

All 86 Alberta MLA's approached in May, 2018.
10 Federal Cabinet Ministers, including the PMO's office, were introduced to our project in July, 2018.
Project acknowledgement letter received from Canada's Minster of the Environment, The Honourable Catherine McKenna in November, 2018.

Management and Consultants

Gordon Driedger appointed President & COO in Q1/18.
Mark Redcliffe appointed Executive Vice President, Corporate Finance in April, 2018.
Placed lubes, UMO and rail industry consultants LabineDionne on retainer in July, 2018.
Senior industry executive, Mike Ebert, retained as a re-refinery operations and technical advisor in September, 2018.


Quelle: www.stockwatch.com
RE:GIII Closes First Tranche of Non-Brokered Private Placement

Looks like a 2nd tranche is coming soon after by the sounds of it....!!!

The real positive here is insiders took approx. 1/3 of this 1st tranche of the financing which is very bullish looking from afar....

"Greg Clarkes, John Detmold, Paul DiPasquale and Bryan Nethery are each members of the Board of Directors and purchased an aggregate of 1,275,000 Units under the first tranche."

All good and great in my books......buy buy buy

Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.giii&…
Gen III Oil closes $1.5M first tranche of financing

2018-11-16 17:16 ET - News Release

Mr. Greg Clarkes reports


Gen III Oil Corp. has closed a first tranche of its previously announced non-brokered private placement of up to $3-million, consisting of 3,766,750 units at price of 40 cents per unit for total gross proceeds of $1,506,700.

Each unit consists of one common share and one-half of one share purchase warrant. Each warrant entitles the holder to purchase one share for a period of 12 months from the closing date at an exercise price of 70 cents per share, subject to acceleration if the shares trade at or greater than $1 per share for a period of five consecutive trading days after the date that is four months from closing.

The company paid finders' fees consisting of cash fees in the aggregate of $32,100. All securities issued under the first tranche are subject to a four-month hold period expiring on March 17, 2019.

Greg Clarkes, John Detmold, Paul DiPasquale and Bryan Nethery are each members of the board of directors and purchased an aggregate of 1,275,000 units under the first tranche.
Each is considered to be a related party within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, and the issuance of units to these directors under the offering is considered to be a related party transaction within the meaning of MI 61-101, however, is exempt from: (a) the valuation requirement of MI 61-101 pursuant to Section 5.5(b) of MI 61-101 as the company's shares are not listed on a specified market; and (b) is exempt from the from the minority shareholder approval requirements of MI 61-101 pursuant to Section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the units to be issued to each related party does not exceed 25 per cent of the company's market capitalization.

The net proceeds are intended to be used for continued FEED study engineering and site demolition timelines on the company's Bowden project, working capital and general corporate purposes.

The company's executive vice-president, corporate finance, Mark Redcliffe, stated: "We are grateful for the level of support shown by our shareholders. We look forward to announcing completion of the full non-brokered private placement shortly. Being funded to finalize FEED and announce selection of a site demolition contractor in late Q4 2018 will see us fulfill two material project milestones."
Gen III Oil receives $72-million term sheet from EDC

2018-11-07 11:11 ET - News Release

Mr. Greg Clarkes reports


Gen III Oil Corp. has received a term sheet from Export Development Canada for a term loan for up to $72-million to finance up to 50 per cent of a base oil rerefinery in Bowden, Alta.

Project capital expenditure is currently estimated at $119-million including appropriate industry contingencies. The required equity is to be fully contributed prior to the first disbursement of the senior credit facility. To date, the company has contributed approximately $7-million to the project.

The borrower of the senior credit facility will be the company's wholly owned subsidiary, Gen III Oil (Alberta) Inc., with the company guaranteeing the loan. No securities of the company, or Gen III Alberta, are contemplated to be issued in connection with the senior credit facility.

The senior credit facility may only be used to finance costs associated with the design, engineering, procurement, development, construction, commissioning and operational ramp-up of the project, including financing of a debt service reserve account, cost overrun account, interest payments, lender fees and expenses, professional fees and expenses, insurance premia, taxes, the cost of obtaining permits, and other agreed upon costs and expenses incurred in connection with the project.

Closing of the senior credit facility is subject to various conditions, including the completion of satisfactory due diligence by the parties and execution and delivery of definitive loan documents.

Site preparation and preconstruction activities

Tendering for site demolition has been completed. All tenders received from the prequalified bidders were in line with budget and schedule expectations. The company is currently reviewing accepted submissions to ensure that both commercial and technical requirements are satisfied.

Plant completion timeline

Facility completion and targeted production is now scheduled to commence in the first quarter of 2020. Company executive vice-president Mark Redcliffe stated: "We are extremely pleased with the level of support shown by EDC. We look forward to fulfilling the term sheet requirements and building a long-term relationship with the EDC. Being able to secure an EDC term loan proposal at the project subsidiary level from a strong financial partner is a great outcome that will advance our Bowden site project, reduce the effects of shareholder dilution and provide a potential financial partner for future Gen III projects outside Canada."

Company president and chief operating officer Gordon Driedger stated, "We are pleased with the progress made during the most recent quarter and the significant advancement made on the project financing front."


Quelle: www.stockwatch.com
bei 0,40 wird jetzt wohl der Boden eingezogen

Geldseite wird immer wieder aufgefüllt
Antwort auf Beitrag Nr.: 59.110.109 von ooy am 01.11.18 06:54:48wollten die nicht ein kleines pp machen?

3 Mio. ist für mich schon etwas größer

Vier Wochen haben sie zur Preisfindung gebraucht. Hatte eigentlich schon mit Closing gerechnet. Nun gut.
Gen III Oil Corp. - Non-Brokered Private Placement
Not for distribution to United States newswire services or for dissemination in the United States.

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 to initiate a non-brokered private placement at $0.40 per unit for gross proceeds of up to $3,000,000 (the “Offering”).

Each unit consists of one common share and one-half (1/2) of one common share purchase warrant.

Each whole warrant will be exercisable at a price of $0.70 per share for a period of one year from closing, subject to acceleration if the common shares trade at or greater than $1.00 per share for a period of five (5) consecutive trading days after the date that is four months from closing.

The closing of the Offering is expected to occur in tranches and a finder’s fee may be payable at the discretion of the Company. The closing of the Offering is subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws.

Company Executive Vice President, Corporate Finance Mark Redcliffe stated, “We are extremely pleased with the early interest shown in the private placement by our stakeholders and we appreciate their support which ensures we maintain project momentum.”

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The securities will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

News to come out shortly....followed thereafter ......... ???

Reason why 0.40 is holding up so well......IMHO

Buy Buy Buy

Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.giii&…
Kaum fertig getippt, dreht das Ding. Endlich die Wende, zurück zu den 0,35 oder nur ein Ausrutscher...
Antwort auf Beitrag Nr.: 58.620.570 von jemand am 05.09.18 12:18:46
Zitat von jemand: Zu 0,70$, das ist ne Ansage bzw ein guter Deal! Mal sehen wann wir die sehen. Ich glaube wir gehen unter 0,3$ in den nächsten 8Wochen wenn keine guten News kommen. Ist nur so ein Gefühl.....

eine Woche hab ich noch um leider Recht zu behalten...... und wenn man es genau nimmt muss er sogar Richtung 0,2 laufen.... denn da kommt er her und zu damals hat sich nichts geändert. Wenn man hier versucht einen tiefen Einstieg rauszuholen kann evtl. nächstes Jahr um so mehr verdienen wenn sich der Hype evtl. wiederholt, nach den ersten positiven Zahlen/Aussichten.
Die 0,35 gerissen, hat bisher eigentlich gut gehalten.... geht es jetzt weiter abwärts...?
Antwort auf Beitrag Nr.: 58.924.224 von Popeye82 am 11.10.18 04:16:46hatte unter 0,70 paar SPR-Stücke geschnappt
Antwort auf Beitrag Nr.: 58.908.846 von techinvestor69 am 09.10.18 18:32:55bist Du eigentlich bei SPR noch Zugange gegangen?
Talsohle erreicht? Abwärtstrend gestoppt? Dann kann es ja jetzt langsam wieder in die andere Richtung gehen - wobei ich glaube wenn es nicht tiefer geht wird sie das Niveau ne Zeit lang halten
Also eines muss man dem Lasen lassen, die halten ihre Shareholder auf dem Laufenden. Informationspolitik vorbildlich.
2018-09-20 11:30 ET - News Release

Mr. Greg Clarkes reports


Gen III Oil Corp. has provided a corporate update.


In late August, the company entered into a technical and rerefinery operations advisory agreement with Mike Ebert. Mr. Ebert's first-hand industry knowledge of rerefining and used motor oil has already provided several incremental improvements to the project design and is indicative of the evolution of the Gen III management team over the past year.

Environmental permitting

Stantec Consulting Ltd. was retained to complete an application to Alberta Environment and Parks for an Environmental Protection and Enhancement Act industrial approval for the Bowden facility. Stantec/Gen III have submitted the application and anticipate receipt of the project environmental permit in the fourth quarter of 2018.

Site preparation and preconstruction activities

JADA Solutions (HSE) Inc.'s semi-destructive predemolition hazardous abatement assessment for the Bowden facility has been included in the demolition tendering package.

It is anticipated Gen III will go to market with the final demolition RFP package prior to the end of this month.

Front-End engineering and design

Stage 1 (Stantec Consulting) and stage 3 (Process Dynamics Inc.) design packages were completed ahead of schedule in August and are currently undergoing edits prior to final sign off along with the completion of ancillary supporting documentation. Gen III continues to finalize its Bowden facility licensing agreement with Process Dynamics for the use of any stage 3 proprietary technology.

Koch Modular Process Systems completed additional pilot tests during August which have enabled them to finalize the stage 2 solvent ratio and Group III yield offtakes. The tests were successful and they confirmed Group III offtake yields of between 70 per cent to 75 per cent of stage 2 input, which will lead to improved corporate revenues.

In August, Koch Modular presented Gen III with a preliminary design costing proposal (including transportation and installation) with a plus/minus 30-per-cent expense tolerance, that remains within budget. Manufacturing, fabrication, transportation and installation figures will be refined in the coming months to within a plus/minus 15-per-cent tolerance.

Used motor oil feedstock supply

The company has secured additional verbal commitments and/or letters of intent since July, for the full UMO feedstock requirement of 150 million litres/annum. Negotiations continue with each of the interested vendors in parallel with continuing financing discussions in order to turn the verbal commitments or letters of intent into binding, take or pay contracts.

Financing discussions

In the past 90 days, 10 commercial entities have entered into non-disclosure agreements's with the company and have been granted access to our project data room.

During the first three weeks of September, the company received both project level and public company level financing term sheets from a number of these entities. These proposals are currently undergoing review by Gen III's senior management and board of directors to ensure shareholder dilution is minimized.

Several of the remaining entities in the data room have indicated they will be presenting term sheets during the balance of September and into early October, although the proposed terms are unknown at this time.

Export Development Canada's Cleantech project finance team have participated in the company's data room and continue to review Gen III's submission for project financing.

Applications for government grants have been submitted to Sustainable Development Technology Canada.

Discussions have been held with both the federal government's Growth Hub team and the Access to Capital division of the Alberta government's economic development and trade office.

Interim financing

In an effort to maintain FEED and site demolition momentum and timelines while the project financing process is completed, Gen III's board has decided to initiate a small non-brokered private placement, which will be priced in the context of the market.

Company president and chief operating officer Gordon Driedger stated: "We are pleased with the progress made during the most recent quarter. The project is advancing materially on several fronts simultaneously and is on schedule for completion in late Q2/2019."

Company executive vice-president, corporate finance, Mark Redcliffe, stated: "We are extremely pleased with the interest shown by private equity groups, impact investors, family offices and various Canadian government entities in our project. We look forward to partnering at the project level with one or several of these parties in the near future."


Quelle: www.stockwatch.com
Antwort auf Beitrag Nr.: 58.624.455 von techinvestor69 am 05.09.18 18:45:35Tech

Was erwarten Sie denn Hier die Nächsten Monate?
Antwort auf Beitrag Nr.: 58.620.570 von jemand am 05.09.18 12:18:46alle Options, die in den letzten Monaten ausgegeben wurden, gab es mit Strike Price 0,70 CAD

der September sollte ein newsreicher Monat bei Gen III werden, denke ich
Zu 0,70$, das ist ne Ansage bzw ein guter Deal! Mal sehen wann wir die sehen. Ich glaube wir gehen unter 0,3$ in den nächsten 8Wochen wenn keine guten News kommen. Ist nur so ein Gefühl.....
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 oil refining business with Esso Petroleum Canada in Sarnia, Ontario before moving to Safety-Kleen’s Breslau re-refinery. Safety-Kleen is North America's largest collector, recycler and re-refiner of used oil. Safety-Kleen owns and operates the largest oil re-refining capacity in North America, collecting and processing more than 220 million gallons of oil per year.

At Safety-Kleen, Mr. Ebert was the re-refinery manager of the Breslau, Ontario re-refinery from 1990 to 1994. He then moved to the East Chicago, Indiana re-refinery where he held the positions of Refinery Manager, VP US Refinery Operations and VP of Oil Engineering, Technology and Business Development between 1994 and 2011. At East Chicago, Mr. Ebert more than doubled the plant’s capacity, from 55 to 115 million US gallons. He also led the design, engineering, construction and commissioning of a US$15 million blending plant at the site.

Mr. Ebert joined Clean Harbors Environmental Services (“CHES”) when they acquired Safety-Kleen in 2011. CHES is North America’s leading provider of environmental, energy and industrial services. CHES’s customer base spans several industries, including chemical, energy and manufacturing, as well as numerous government agencies. CHES operates throughout the United States, Canada, Mexico and Puerto Rico.

Mr. Ebert continued in his role of VP of Oil Engineering, Technology and Business Development where he oversaw the 50% expansion of the Breslau plant and CHES’s early oil re-refining acquisitions.

Mr. Ebert left CHES to become President of Puralube USA, Inc. in 2014. He was responsible for developing Puralube’s re-refinery project in Florida and establishing their lube oil sales footprint in North America.

In 2016 Mr. Ebert formed Blue Process Advisors, LLC., a consulting company focusing on green and renewable process industries.

Mr. Ebert earned a BASc in Chemical Engineering from the University of Waterloo and an MBA (cum laude) with a major in Operations Management from York University.

Company President & COO Gordon Driedger stated, “Mike Ebert’s first-hand industry knowledge of re-refining and used motor oil is impeccable. Mike has demonstrated an ability to maintain compliance in a highly regulated businesses and has operated under the jurisdiction of local regulatory agencies, state environmental agencies, USEPA, OSHA, DOT, FRA, US Coast Guard and their Canadian equivalents. We are extremely fortunate to have access to Mike’s expertise and experiences which are already proving accretive as we finalize front-end engineering and design.”

The company also announces that, as part of the consulting agreement, it has granted 300,000 stock options exercisable at $0.70 to Mr. Ebert. The options will vest in three tranches and will closely align Mr. Ebert’s goals with those of Gen III.

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