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ReGen III Corp V.GIII

Alternate Symbol(s):  ISRJF

ReGen III Corp. is a Canada-based cleantech company commercializing its ReGen, patented technology to recycle used motor oil (UMO) into high-value Group III base oils. The ReGen technology is designed to produce the highest quantity of high base lubricating oils of any re-refining process. Its ReGen technology, produces a 53% yield of Group III, which is a high yield base lubricating oils in the industry. The Company is also focused on developing its brownfield re-refinery in Texas City, Texas (Texas Facility). Its projects include Texas and Alberta. It is also engaged in Koch Project Solutions, LLC (KPS) to provide project execution management services up to turnkey delivery of the proposed Texas Facility. The Company is focused on building or enhancing UMO re-refineries and licensing its intellectual property to third parties around the world. Its first ReGen facility is in the site selection and negotiation phase in the United States Gulf Coast.


TSXV:GIII - Post by User

Post by Marphineon May 14, 2021 10:22am
162 Views
Post# 33202928

Name Change

Name Change

Gen III Announces Name Change to ReGen III Corp.

 

Vancouver, British Columbia--(Newsfile Corp. - May 12, 2021) - Gen III Oil Corporation (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN41) ("Gen III" or "the Company") is pleased to announce at the April 30, 2021 Annual General and Special Meeting, the Company's shareholders voted in favour of all resolutions outlined in the Management Information Circular.

Furthermore, the shareholders voted in favour of a special resolution approving and authorizing the corporate name change to ReGen III Corp. ("ReGen III"). Effective at the start of trading on May 17, 2021, the Company will commence trading on the TSX Venture Exchange under the new name with the same stock symbol "GIII".

The Company's officers and directors believe the ReGen III name best describes our position as a clean technology company, commercializing sustainable projects that bridge the transition to a net zero carbon world. ReGen III with its disruptive and patented ReGen™ technology, responsibly recycles and re-refines used motor oils to create high quality Group III and Group II+ base oils.

The name change does not affect the rights of the company's shareholders. No further action is required by existing shareholders with respect to the name change, and certificates representing common shares of Gen III Oil Corporation will not need to be exchanged.

The Company's new CUSIP number is 75888V100 and its new ISIN number is CA75888V1004.

About Gen III

Gen 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 .

 

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