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ReGen III Closes Second Tranche of Private Placement
TMX Newsfile· 2026-03-27 21:01
Core Viewpoint - ReGen III Corp. has successfully closed the second tranche of its non-brokered private placement, raising a total of $1,530,000 through the issuance of 7,650,000 units at a price of $0.20 per unit, contributing to a total of $3,437,572 raised across both tranches [1][2]. Group 1: Financial Details - The total number of units issued by the company, including the initial tranche, is 17,187,860, with aggregate gross proceeds amounting to $3,437,572 [2]. - The company anticipates closing a third and final tranche of the offering, aiming for total gross proceeds of $4 million by April 1, 2026 [2]. - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional share at an exercise price of $0.30 for three years [3]. Group 2: Use of Proceeds - The net proceeds from the offering are designated for working capital, general corporate purposes, and debt repayment [4]. Group 3: Insider Participation - The second tranche included subscriptions from insiders, totaling 2,875,000 units, which is classified as a related party transaction [5]. Group 4: Company Overview - ReGen III Corp. specializes in upcycling used motor oil into high-value Group III base oils, utilizing its patented ReGen™ technology [7]. - The company aims to become the largest producer of sustainable, re-refined Group III base oils, aligning with the energy transition and data-driven economy [8].
ReGen III Closes First Tranche of Private Placement
TMX Newsfile· 2026-03-23 23:00
Core Viewpoint - ReGen III Corp. has successfully closed the first tranche of its non-brokered private placement, raising approximately $1.91 million, with plans to complete a second tranche for a total of $4 million by March 27, 2026 [1][3]. Group 1: Financial Details - The Initial Tranche involved the issuance of 9,537,860 Units at a price of $0.20 per Unit, resulting in aggregate gross proceeds of $1,907,572 [1]. - Each Unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional share at an exercise price of $0.30 for three years [2]. - The company paid finders' fees totaling $28,000 in cash in connection with the Initial Tranche [3]. Group 2: Use of Proceeds - The net proceeds from the Offering are intended for working capital, general corporate purposes, and debt repayment [3]. Group 3: 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 ReGen™ process is designed to achieve up to 82% lower CO₂e emissions compared to virgin crude derived oils [5]. - The company aims to become the world's largest producer of sustainable, re-refined Group III base oils, positioning itself at the intersection of the energy transition and the data-driven economy [6].
ReGen III Announces Closing of Convertible Debenture Refinancing
Newsfile· 2025-12-10 23:23
Core Viewpoint - ReGen III Corp. has successfully completed the exchange of its old convertible debentures for new ones, indicating strong investor confidence and a strategic move to enhance its financial structure [1][2]. Group 1: Convertible Debenture Exchange - The company exchanged $3,975,000 in old debentures for new debentures, representing approximately 97.5% of the total principal amount of the old debentures [2]. - Insiders of the company participated significantly, exchanging 945 debentures, which accounts for 23.77% of the total new debentures and warrants issued [4]. Group 2: Terms of New Debentures - Each new debenture has a principal amount of $1,000, an interest rate of 12% per annum, and a term of 24 months [6]. - The new debentures are convertible into common shares at a price of $0.25 per share, and holders can receive interest payments in cash or common shares after 12 months [6]. - The new debentures and warrants will be subject to a hold period until April 11, 2026 [6]. Group 3: Company Overview - ReGen III Corp. specializes in upcycling used motor oil into high-value Group III base oils, contributing to sustainable lubricants and lower CO₂e emissions [7][8]. - The company aims to become the world's largest producer of sustainable, re-refined Group III base oils, positioning itself at the intersection of energy transition and the data-driven economy [8].