ReGen III Provides Update on Convertible Debenture Interest Payment

Company Overview - ReGen III Corp. is a clean technology company focused on upcycling used motor oil (UMO) into high-value Group III base oils [3] - The company's patented ReGen™ technology aims to create sustainable solutions that significantly reduce CO2e emissions by 82% compared to virgin crude derived base oils [3] Financial Transactions - The company has elected to pay a semi-annual interest payment of $45,150 through the issuance of approximately 221,972 common shares at a deemed price of $0.2034 per share, subject to TSX Venture Exchange approval [1] - The debt settlement includes the issuance of 15,486 shares to certain insiders, qualifying as a related party transaction under Multilateral Instrument 61-101, with exemptions applied due to the transaction's fair market value being below 25% of the company's market capitalization [2] Operational Developments - ReGen III has completed FEL2 and value engineering for its 5,600 bpd UMO recycling facility in Texas, collaborating with leading engineering and construction firms [4] - The company aims to become the world's largest producer of sustainable re-refined Group III base oil, operating in an underserved segment of the base oils market [4]