Director buying at Gen III Oil (GIII)
Director buying at Gen III Oil (V:GIII)
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Updated Monday Nov 19, 2018 02:21 AM EDT
John Detmold, a Director, acquired 250,000 Common Shares on a direct ownership basis at a price of $0.400 through a private transaction on November 16th, 2018. This represents a $100,000 investment into the company's shares and an account share holdings change of 12.8%.Gen III Oil is in the Oil & Gas Refining and Marketing Sub Industry Group under the Energy Sector.
Gen III Oil Corp is a Canada-based oil processing company. The Company owns the ReGen re-refining technology. The Company provides the ReGen technology which re-refines used motor oil (UMO) to produce Group III base lubricating oil (synthetic grade oil) in marketable quantities. Group III base lubricating oil sells for approximately 50% more than current re-refinery produced Group II products. The Company's ReGen process utilizes common technologies in use throughout the world, but in a configuration and at specific temperature and pressure settings.