ReGen III Announces Non-Brokered Private Placement of up to $4 Million

Core Viewpoint - ReGen III Corp. has announced a non-brokered private placement financing to raise up to $4,000,000 by offering 20,000,000 units at a price of $0.20 per unit, aimed at working capital, corporate purposes, and debt repayment [1][3]. Group 1: Financing Details - The offering consists of units that include one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of an additional share at an exercise price of $0.30 for three years [2]. - The closing of the offering is contingent upon receiving necessary regulatory approvals, including from the TSX Venture Exchange [3]. Group 2: Company Overview - ReGen III Corp. specializes in upcycling used motor oil into high-value Group III base oils, utilizing its patented ReGen™ technology [5]. - The company aims to become the largest producer of sustainable, re-refined Group III base oils, contributing to the energy transition and data-driven economy [6]. Group 3: Environmental Impact - The ReGen™ process is designed to achieve up to 82% lower CO₂e emissions compared to virgin crude-derived oils when combusted at the end of their life [5].