Gen III Oil (GIII.V) is showing the market it’s serious about securing funding for its Bowden oil re-refinery in Alberta with the most recent addition to the management team. GIII has appointed experienced financier Mark Redcliffe as Executive Vice President Corporate Finance. With in excess of 20 years of experience on the financial markets and the securities industry with positions as EVP at Mackie Research and CEO at Jordan Capital Markets as most recent jobs, Redcliffe knows the ropes of the sector.
His experience will come in handy when Gen III Oil starts to put the financing package together for the C$90M Bowden re-refinery, where used motor oil will be converted into new saleable products with Group II and Group III lubricants as cash cows. You can re-read our recent report on Gen III Oil here.