News

November 24, 2020

Gen III Announces Debt Settlement

VANCOUVER, British Columbia, Nov. 24, 2020 (GLOBE NEWSWIRE) — Gen III Oil Corporation (“Gen III” or the “Company”) (TSX-V: GIII) (OTCQB: ISRJF) is pleased to announce that it proposes to settle $200,250 in debt (“Debt”) in exchange for 513,460 common shares (the “Shares”) at a deemed price of $0.39 per Share. The Shares for Debt ...

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November 18, 2020

Gen III Hires Blue Deer Capital Partners and Provides General Update

VANCOUVER, British Columbia, Nov. 18, 2020 (GLOBE NEWSWIRE) — Gen III Oil Corporation (“Gen III” or the “Company”) (TSX-V: GIII) (OTCQB: ISRJF) is pleased to announce that effective November 18, 2020 the Company has hired Blue Deer Capital Partners (“Blue Deer”) for an initial term expiring December 31, 2021, to provide non-exclusive financial advisory services ...

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November 5, 2020

Gen III signs LOI with super major and announces plans for a marine facility in the US Gulf Coast

VANCOUVER, British Columbia, Nov. 05, 2020 (GLOBE NEWSWIRE) — Gen III Oil Corporation (“Gen III” or the “Company”) (TSX-V: GIII) (OTCQB: ISRJF) is pleased to announce the Company has signed a Letter of Intent (“LOI”) with a super major international energy company (“SM”) for the offtake of all of Gen III’s future production of Group ...

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October 1, 2020

Gen III – Appointment of Brian J. O’Sullivan to the Board of Directors

VANCOUVER, British Columbia, Oct. 01, 2020 (GLOBE NEWSWIRE) — Gen III Oil Corporation (“Gen III” or the “Company”) (TSX-V: GIII) (OTCQB: ISRJF) is pleased to announce the appointment of Mr. Brian J. O’Sullivan to the Company’s Board of Directors (“the Board”). The appointment aligns with the Company’s continuous improvement strategy and expansion of expertise at the Board ...

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September 17, 2020

Gen III – Closes Private Placement and Applies to Extend Warrants

Not for distribution to United States newswire services or for dissemination in the United States. VANCOUVER, British Columbia, Sept. 17, 2020 (GLOBE NEWSWIRE) — Gen III Oil Corporation (“Gen III” or the “Company”) (TSX-V: GIII) (OTCQX: ISRJF) is pleased to announce that it has completed a non-brokered private placement of 2,540,000 units (the “Units”) at a price ...

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July 28, 2020

Gen III – Corporate Update

VANCOUVER, British Columbia, July 28, 2020 (GLOBE NEWSWIRE) — Gen III Oil Corporation (“Gen III” or the “Company”) (TSX-V: GIII) (OTCQX: ISRJF) is pleased to announce that further to earlier updates the Company is involved in offtake supply discussions and commercial negotiations of varying scope and timing with several base oil purchasers and blenders. The Company has ...

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June 10, 2020

Why Lubricant Prices Don’t Mirror Crude Oil Prices

Changes in the prices of lubricants, and the base oils that are their foundation, do not mirror either those of crude oil or gasoline. Supply and demand over time is the fundamental price-setting mechanism for lubricants and base oils. Crude Oil Prices The oil industry is a complex, global industry; however, there are three fundamental ...

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June 2, 2020

Gen III Grants Stock Options

VANCOUVER, British Columbia, June 02, 2020 (GLOBE NEWSWIRE) — Gen III Oil Corp. (“Gen III” or the “Company”) (TSX-V: GIII) (OTCQX: ISRJF) announces that it has granted 600,000 stock options to the Company’s Executive Vice President, Mark Redcliffe, entitling him to purchase one common share for each option held at a price of $0.20 per ...

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June 1, 2020

Gen III – Closes Private Placement

Not for distribution to United States newswire services or for dissemination in the United States. VANCOUVER, British Columbia, May 29, 2020 (GLOBE NEWSWIRE) — Gen III Oil Corporation (“Gen III” or the “Company”) (TSX-V: GIII) (OTCQX: ISRJF) is pleased to announce that it has completed a non-brokered private placement (the “Offering”). In connection with the ...

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