21:45:01 EDT Mon 22 Jul 2019
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Gen III Oil Corp
Symbol C : GIII
Shares Issued 63,732,154
Close 2018-03-23 C$ 0.61
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Gen III hires PCL for Bowden re-refinery project

2018-03-26 09:45 ET - News Release

Mr. Gordon Driedger reports

GEN III OIL CORP. ANNOUNCES SELECTION OF PCL AS EPC CONTRACTOR

Gen III Oil Corp. has engaged PCL Industrial Management Inc. as the company's engineering, procurement and construction contractor for its Bowden, Alta., rerefinery project.

PCL will be joining the Gen III Bowden project team and will be working closely with its engineers, Stantec Consulting Ltd., to progress the design, initiate procurement planning, and provide constructability advice. PCL will be providing the company with a fixed-price lump-sum proposal to finalize a turnkey EPC contract for the design and construction of the Bowden project.

Company president and chief operating officer, Gordon Driedger, stated: "We are very pleased to have a company of such a high calibre as PCL working on our project. I have had the opportunity to work with PCL for the past 20 years on a number of major projects, where they have demonstrated their ability to complete projects on time and on budget. They have a highly skilled team that brings a wealth of experience to the project team. They were selected after a careful review of shortlisted leading EPC firms."

"We are extremely pleased to be part of Gen III's team and working on such an exciting project. We are especially proud to be part of a sustainable project that will be the first of its kind in Alberta," said Roger Keglowitsch, chief operating officer, PCL heavy industrial. "We look forward to working with their talented team of professionals and providing Gen III with a fixed-price contract and moving towards a timely completion."

About Gen III Oil Corp.

Gen III Oil is an innovative oil processing company with the most advanced rerefining technology in the industry. The corporation's patented ReGen technology process combines proven refining technologies into a proprietary process that is able to extract a higher quantity of high-quality base lubricating oils than traditional rerefineries, including greater-than-50-per-cent Group III production of synthetic-grade motor oil in a commercial-scale rerefining operation. The corporation currently holds four patents granted in North America and has several patent applications, patents pending or under review in strategic countries around the world.

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