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Gen III Oil Corp. – Non-Brokered Private Placement

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Not for distribution to United States newswire services or for dissemination in the United States.

VANCOUVER, British Columbia, Oct. 31, 2018 —  Gen III Oil Corp. (“Gen III” or the “Company”) (TSX-V: GIII) (OTCQX: ISRJF) is pleased to provide the following details regarding the previously referenced non-brokered private placement on September 20, 2018:

In an effort to maintain FEED momentum and site demolition timelines, Gen III’s board decided to initiate a non-brokered private placement at $0.40 per unit for gross proceeds of up to $3,000,000 (the “Offering”).

Each unit consists of one common share and one-half (1/2) of one common share purchase warrant.

Each whole warrant will be exercisable at a price of $0.70 per share for a period of one year from closing, subject to acceleration if the common shares trade at or greater than $1.00 per share for a period of five (5) consecutive trading days after the date that is four months from closing.

The closing of the Offering is expected to occur in tranches and a finder’s fee may be payable at the discretion of the Company.  The closing of the Offering is subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws.

Company Executive Vice President, Corporate Finance Mark Redcliffe stated, “We are extremely pleased with the early interest shown in the private placement by our stakeholders and we appreciate their support which ensures we maintain project momentum.”

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The securities will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

About Gen III Oil Corporation

Gen III Oil Corporation is an innovative oil processing company with the most advanced re-refining technology in the industry.  The Company’s patented ReGenTM 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 re-refineries, including greater than 50% Group III production of synthetic grade motor oil in a commercial scale re-refining operation.  The Company currently holds 5 patents issued in North America, 2 patents issued overseas and has 9 patent applications, patents pending or under review in strategic countries around the world.  The Company’s first full-scale facility is currently under development in Bowden, Alberta, 100km north of Calgary, with targeted production commencing in late Q2 of 2019 (the “Project”).  With a fully executed off-take marketing agreement in hand with Elbow River Marketing Ltd., a subsidiary of Parkland Fuel Corporation, the Company has in place agreements for the sale of all of its finished products when commercial production begins at its Bowden facility.  The Bowden facility is being designed to process 2,800 bpd of used motor oil into a range of base stocks and related petroleum products.  For more information about the Company, please visit www.geniiioil.com.

To see our TSX Venture 50® video, click here

On Behalf of the Board of Gen III Oil Corporation

“Greg Clarkes” Greg Clarkes Chief Executive Officer

For further information, contact Greg Clarkes at (604) 806-5275

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information set forth in this news release may contain forward-looking statements that involve financial projections, substantial known and unknown risks and uncertainties, certain of which are beyond the control of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These include, but are not limited to, the statements regarding the quantity and quality of the re-refined products that might be produced; the cost of construction of the first ReGen™ re-refinery; raising sufficient capital to support the construction of the Project; the estimated operating costs for the Project; the market for the finished products; negotiating off-take agreements for those finished products; and the anticipated annual recurring revenue and EBITDA derived from those operations. Actual results may differ materially from the forward-looking information contained herein. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company assumes no obligation to update forward-looking statements, except as required by applicable law. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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Global Insurance Symposium Returns to Showcase Industry Trends & Future

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DES MOINES, Iowa, Nov. 30, 2020 /PRNewswire/ — The Global Insurance Symposium (GIS) announced its 2021 conference will be held on April 26–28. This event will host insurance professionals from around the world and will feature an extensive slate of dynamic panel discussions led by preeminent executives and dignitaries, interactive demonstrations of new technologies and opportunities for attendees to help shape the future of the industry.

Organizers will determine at the beginning of 2021 if the GIS will be a virtual, hybrid or in-person event at the Community Choice Credit Union Convention Center in Downtown Des Moines.

Presented by the Greater Des Moines Partnership, the Iowa Insurance Division, the Iowa Economic Development Authority and Iowa insurance firms, the event's host city boasts the highest concentration of insurance employment among metros in the United States. Since its inception in 2014, GIS has had thousands of attendees from 13 countries participate.

Des Moines is an insurance hub with nearly 80 insurance companies headquartered here and more than 200 insurance companies statewide,” said Jay Byers, CEO of the Greater Des Moines Partnership. “Whether the Global Insurance Symposium is held in-person, virtually or by a hybrid model, convening InsurTech and FinTech leaders and innovators will spur new ideas, collaborations and the sharing of best practices to help shape the future of insurance.”

The three-day symposium will offer opportunities for attendees to learn about insurance trends from state insurance commissioners, industry leaders, entrepreneurs and regulatory representatives, as well as network and explore avenues for growth with peers, both domestic and international.

Iowa Insurance Commissioner Doug Ommen noted, “This is a must-see event for those in or around the insurance industry. Whether you are a leader at an insurer, an interested regulator or an entrepreneur with a startup, there is something for everyone. The 2021 Global Insurance Symposium will help position leaders in the industry to meet current and upcoming challenges.”

In preparation for the 2021 Symposium, organizers are monitoring health guidelines and safety concerns as well as utilizing The Partnership's COVID-19 Rapid Response Hub and DSM Forward playbooks.

For more information, including forthcoming registration dates (early 2021) and the format of the 2021 Global Insurance Symposium, as well as sponsorship opportunities, please visit: globalinsurancesymposium.com.

Media Registration:
Members of the media are invited to attend the Global Insurance Symposium. To inquire, please contact Jon Lieb at [email protected].

About the Global Insurance Symposium:
Since its inception in 2014, the Global Insurance Symposium has hosted thousands of leading insurance and financial service professionals and regulatory authorities. During the GIS three-day event, attendees hear from the world's most renowned insurance experts and interact with fellow insurance industry colleagues from around the globe. The Global Insurance Symposium is presented by the Greater Des Moines Partnership, the Iowa Insurance Division, the Iowa Economic Development Authority and Iowa insurance firms. For more information, please visit globalinsurancesymposium.com.

Cision View original content:http://www.prnewswire.com/news-releases/global-insurance-symposium-returns-to-showcase-industry-trends–future-301181956.html

SOURCE Global Insurance Symposium

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ERF Wireless, Inc. Announces Delay in Effective Date of a Name Change and Reverse Split of Its Common Stock

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DALLAS, Nov. 30, 2020 /PRNewswire/ — ERF Wireless, Inc. (OTC PINK: ERFB) The Board of Directors announced today that the regulatory approval of the Company's name change to Zona Holdings, Inc. and the reverse split of its common stock has been delayed.  Additional information and a new effective date will be provided as soon as they are available.

About ERF Wireless, Inc.:

ERF Wireless, Inc. (www.erfwireless.com), founded in 2004 as a “Critical Communications Infrastructure Company”, has long been associated with the energy sector by and through its provision of wireless internet and other services in the exploration, drilling, and production phases of oil and gas.  All financials associated with the wholly-owned Zona Resources, Inc. oil and gas operations will be consolidated into the public ERF Wireless, Inc. holding company financials and would be expected be reflected in its common stock valuation for its public stockholders.

Forward Looking Statements: 

This press release contains forward-looking statements that involve numerous risks and uncertainties. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with OTC Markets.

Cision View original content:http://www.prnewswire.com/news-releases/erf-wireless-inc-announces-delay-in-effective-date-of-a-name-change-and-reverse-split-of-its-common-stock-301181954.html

SOURCE ERF Wireless, Inc.

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Banco Macro Announces Results for the Third Quarter of 2020

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BUENOS AIRES, Argentina, Nov. 30, 2020 /PRNewswire/ — Banco Macro S.A. (NYSE: BMA; BYMA: BMA) (“Banco Macro” or “BMA” or the “Bank”) announced today its results for the third quarter ended September 30, 2020 (“3Q20”).  All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. As of 1Q20, the Bank began reporting results applying Hyperinflation Accounting, in accordance with IFRS IAS 29 as established by the Central Bank. For ease of comparison, figures of previous quarters of 2019 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through September 30, 2020.

Summary

  • The Bank's net income totaled Ps.6.1 billion in 3Q20. This result was 12% lower than the result posted in 2Q20 and 33% lower than in 3Q19. In 3Q20, the accumulated annualized return on average equity (“ROAE”) and the accumulated annualized return on average assets (“ROAA”) were 21.5% and 4.6%, respectively.  
  • In 3Q20, Banco Macro's financing to the private sector decreased 2% or Ps.3.9 billion quarter over quarter (“QoQ”) totaling Ps.232.2 billion and 12% or Ps.31.9 billion year over year (“YoY”). In the quarter consumer loans stood out, among which Credit card loans stood out; with a 8% increase QoQ, meanwhile within commercial loans Others stood out with a 7% increase QoQ, mainly driven by the 24% loans to SMEs.  
  • In 3Q20, Banco Macro's total deposits increased 13% or Ps.55.6 billion QoQ, totaling Ps.493 billion and representing 83% of the Bank's total liabilities. Private sector deposits increased 4% or Ps.14.2 billion QoQ.
  • Banco Macro continued showing a strong solvency ratio, with an excess capital of Ps.116.9 billion, 34.8% regulatory capital ratio – Basel III and 27.3% Tier 1 Ratio. In addition, the Bank's liquid assets remained at an adequate level, reaching 87% of its total deposits in 3Q20.
  • In 3Q20, the Bank's non-performing to total financing ratio was 1.14% and the coverage ratio improved to 302.9%.

3Q20 Earnings Release Conference Call

Tuesday, December 1, 2020
Time: 10:00 a.m. Eastern Time | 12:00 p.m. Buenos Aires Time

To participate, please dial:
Argentina Toll Free:
(011) 3984 5677
Participants Dial In (Toll Free):
+1 (844) 450 3847
Participants International Dial In:
+1 (412) 317 6370
Conference ID: Banco Macro
Webcast:
click here

Webcast Replay:  click here

Available from 12/01/2020 through 12/15/2020

IR Contacts in Buenos Aires:

Jorge Scarinci
Chief Financial Officer

Nicolás A. Torres
Investor Relations

Phone: (54 11) 5222 6682
E-mail: [email protected]

Visit our website at: www.macro.com.ar/relaciones-inversores

 

Cision View original content:http://www.prnewswire.com/news-releases/banco-macro-announces-results-for-the-third-quarter-of-2020-301181950.html

SOURCE Banco Macro S.A.

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