PNG Gold Corp.

Gen III Oil is pleased to announce the appointment of Angelo Battiston as Chief Operating Officer of the Company, effective June 1, 2017. Angelo Battiston is a highly effective technical leader with over 25 years' experience leading large and small multidisciplinary teams. He has held numerous executive leadership appointments in the Canadian Army, which include: Chief of Staff for the organization responsible for [...]

Gen III Oil announces that it has granted an aggregate of 480,000 stock options to officers, employees and consultants to the Company. Each option will entitle the holder to purchase one common share of the Company at a price of $0.72 per share and valid for a period of two years. The options were granted in accordance with the Company's stock option plan. On Behalf of the Board of Gen III Oil Corporation Greg [...]

PNG Gold is pleased to announce that it has changed its name to Gen III Oil Corporation. Effective at the start of trading on May 16, 2017, the Company will commence trading on the TSX Venture Exchange under the new name and the new stock symbol "GIII". 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 [...]

PNG Gold is pleased to announce that it has completed the shares for debt transaction announced on January 30, 2017, after receiving approval of the TSX Venture Exchange. Pursuant to the shares for debt transaction, the Company has issued 2,032,797 common shares at a deemed price of $0.17 per Share, to settle total indebtedness of $345,576. In accordance with applicable securities law, the Shares issued in this [...]

PNG Gold is pleased to announce the appointment of Wesley Marstaller as Executive Vice President of the Company, effective April 1, 2017. Wesley Marstaller graduated from McGill University in 2005 with a Bachelor of Commerce in Finance and International Business, and then went on to obtain a Masters of Finance from Insead. Mr. Marstaller worked with the Macquarie Group from 2005 to 2014, departing as Vice President [...]

PNG Gold previously announced that it had received pre-FEED engineering reports from Stantec Consulting and WSP Canada. Those reports concluded that PNG's ReGen™ re-refining technology process is technologically sound and, the quantity and quality of the re-refined products produced will be equivalent to, or greater than, results obtained in previous engineering studies. The following conclusions, subject to [...]

PNG Gold announces that it has received pre-FEED engineering reports from Stantec Engineering and WSP Canada. The reports were commissioned by the Company to review the ReGen™ re-refining technology process, as previously announced on November 10, 2016 and as updated on December 20, 2016. WSP and Stantec, having completed these reports, have come to the conclusion that PNG's ReGen re-refining technology process is [...]

PNG Gold wishes to announce that it has closed its previously announced non-brokered private placement of common shares at a price of $0.30 per Share. Under the Offering, the Company issued 7,682,500 Shares for gross proceeds of $2,304,750. All securities issued under the Offering are subject to a four month hold period from the date of issuance. Certain finders received a cash fee equal to 8% of the proceeds of the [...]

PNG Gold wishes to announce a non-brokered private placement of up to 10,000,000 common shares at a price of $0.30 per Share. All securities issued under the Offering are subject to a four month hold period from the date of issuance. The Offering remains subject to the final approval of the TSX Venture Exchange. The Company proposes to use the proceeds of the Offering as follows: to pay commissions to finders in [...]

PNG Gold announces that it has entered into a letter of intent for a Lease with Parkland Refining for the portion of their property in Bowden, Alberta that is occupied by the existing processing plant, which includes access to existing utilities, roads, storm water and settlement pond systems, and storage tanks. The formal lease agreement will also provide PNG access to Parkland's rail and truck handling facilities [...]