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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 receives $72-million term sheet from EDC

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

Mr. Greg Clarkes reports

GEN III OIL CORP. RECEIVES A SENIOR CREDIT FACILITY TERM SHEET FROM EXPORT DEVELOPMENT CANADA

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.
PP

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. CORPORATE UPDATE

Gen III Oil Corp. has provided a corporate update.

Personnel

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.
Antwort auf Beitrag Nr.: 58.552.709 von techinvestor69 am 28.08.18 16:49:51Kann den link nicht öffnen, so katastrophal?
Antwort auf Beitrag Nr.: 58.552.709 von techinvestor69 am 28.08.18 16:49:51Wenn alles so toll ist, warum fällt der kurs dann?
"...Currently, seven additional commercial entities have entered into non-disclosure agreements with the Company and have been granted access to the Company’s data room to conduct project finance due diligence..."

Quelle: aktueller Quartalsbericht (MD+A) unter www.sedar.com
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 prior to final sign off along with the completion of ancillary supporting documentation. Gen III is also in the process of finalizing its Bowden facility licensing agreement with Process Dynamics for the use of any Stage 3 proprietary technology.

Koch Modular Process Systems (“Koch Modular”) has completed additional pilot tests during August which have enabled them to finalize the Stage 2 solvent ratio and Group III yield offtakes. These results form the design basis of Stage 2 and KMPS’s process guarantee. The tests were successful and they confirmed Group III offtake yields of between 70% to 75% of Stage 2 input.

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

Company President & COO Gordon Driedger stated, “The support shown by our engineering partners is impressive. The receipt of Stage 1 and Stage 3 PDP’s ahead of schedule are testament to these teams’ efforts on the Gen III project. These two documents provide valuable information to GEN III as they are not only the foundation for final engineering work but they also enable our EPC contractor, PCL Industrial Management Inc. to improve project costing as we await final FEED.

We are also pleased with the certainty gained from the additional pilot tests undertaken by Koch Modular in August. From these tests we are able to confirm 55% yield of Group III base oil and our design solvent ratio for the critical extraction process. We believe this will lead to improved project economics.”

...

Quelle: www.stockwatch.com
Antwort auf Beitrag Nr.: 58.494.651 von Jack48 am 21.08.18 08:53:12Weil die anlage erst q2 2019 in betrieb geht. Alle glauben, sie hätten noch zeit
Hallo zusammen,

das liest sich alles wirklich sehr gut - habe die Aktie jetzt auch schon länger auf der Watchlist. Was ich nicht verstehe ist, warum findet kaum ein Handel statt?

Wenn man sich die Homepage und die neue Präsentation anschaut klingt das alles super. Wo besteht hier noch ein Risiko bzw. warum ist der Kurs seit Juni um ca. 30% gefallen?


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