ReGen III Closes Final Tranche of Oversubscribed Private Placement

Core Viewpoint - ReGen III Corp. has successfully closed its second and final tranche of a non-brokered private placement, raising a total of $890,000 to support its operations in upcycling used motor oil into high-value base oils [1][3]. Fundraising Details - The final tranche involved the issuance of 1,800,000 Units at a price of $0.20 per Unit, generating gross proceeds of $360,000 [1]. - In total, across both tranches, the company issued 4,450,000 Units for gross proceeds of $890,000 [1]. - Each Unit consists of one common share and one common share purchase warrant, exercisable at $0.30 until November 22, 2027 [2]. Use of Proceeds - The net proceeds from the offering are intended for general corporate purposes and working capital [3]. Patent Developments - ReGen III has received its official patent certificate for its re-refining and upgrading method for used oil, bringing the total number of issued patents for its ReGen™ process to twenty [5]. Corporate Initiatives - The company has retained Stockhouse Publishing Ltd. for $50,000 over six months to enhance its news dissemination and corporate awareness efforts [6]. Environmental Impact - The ReGen™ process is expected to reduce CO2e emissions by 82% compared to virgin crude-derived base oils [7]. Operational Goals - ReGen III aims to become the world's largest producer of sustainable Group III base oil, operating in an underserved segment of the base oil market [8].