Business
Gen III Signs Definitive Agreement with Super Major
Vancouver, British Columbia--(Newsfile Corp. - May 3, 2021) - Gen III Oil Corporation ("Gen II...
About this update from Regen Iii Corp
[{"type":"text","content":"Gen III Signs Definitive Agreement with Super MajorVancouver, British Columbia--(Newsfile Corp. - May 3, 2021) - Gen III Oil Corporation (\"Gen III\" or \"the Company\") (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN41) is pleased to announce that further to the Company's press releases dated November 5th and 18th, 2020 and January 7th and March 23rd, 2021, Gen III has signed a definitive offtake agreement (the \"Definitive Agreement\") with the super major for the Company's base oil production from its proposed 5,600 bpd US Gulf Coast re-refining facility.Gen III will issue further information as soon as it clears necessary approvals. In advance, we want to thank the super major and our shareholders for their patience and support while the Definitive Agreement was being negotiated.About Gen IIIGen III is a cleantech company creating more sustainable solutions that include better environmental outcomes and compelling economics. Gen III owns a portfolio of patented technologies that enable used motor oil (\"UMO\") re-refineries to produce a higher value product mix of base oils than traditional methods, including 55% Group III. For more information about the Company, please visit www.geniiiesg.com.On Behalf of the Board of Gen III Oil Corporation\"Greg Clarkes\"Greg ClarkesChief Executive OfficerFor further information, contact Mark Redcliffe at (778) 668-5988.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Certain information contained in this news release constitutes \"forward-looking information\" or \"forward-looking statements\" (collectively, \"forward-looking information\"). Without limiting the foregoing, such forward-looking information include any statements regarding the Company's business plans, expectations and objectives. In this news release, words such as \"may\", \"would\", \"could\", \"will\", \"likely\", \"believe\", \"expect\", \"anticipate\", \"intend\", \"plan\", \"estimate\" and similar words and the negative form thereof are used to identify forward-looking information. Forward looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such fu...