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ReGen III Appoints Accomplished Executive as Chief Financial Officer to Drive Next Phase of Growth
Newsfile· 2025-08-05 21:47
Core Viewpoint - ReGen III Corp. has appointed Brad Kotush as Chief Financial Officer to drive the company's next phase of growth in the clean technology sector, specifically in upcycling used motor oil into high-value base oils [1][5][6]. Company Overview - ReGen III Corp. specializes in transforming used motor oil (UMO) into premium Group II and III base oils, utilizing patented ReGen™ technology [13][14]. - The company's process is designed to achieve up to 82% lower CO₂e emissions compared to virgin crude-derived oils, promoting sustainability in the lubricants market [13]. Leadership Transition - Brad Kotush brings over 17 years of experience as a CFO, having previously served at Home Capital Group Inc. and Canaccord Genuity Group Inc., where he significantly contributed to capital market growth and strategic acquisitions [2][3][4]. - Rick Low has stepped down as CFO but will remain in an advisory role for six months to ensure a smooth transition [11]. - Mark Redcliffe will also step away as EVP and Chief Strategy Officer, continuing to support the company in a consulting capacity [12]. Strategic Goals - ReGen III aims to become the world's largest producer of sustainable, re-refined Group III base oils, setting new standards for performance and responsibility in the lubricants market [15]. - The company is evaluating opportunities to deploy its patented technology across various strategic markets, in addition to its flagship facility in Texas City, Texas, which is designed to process 5,600 barrels per day [14].
ReGen III to Present at the OTCQB Venture Virtual Investor Conference August 7, 2025
GlobeNewswire News Room· 2025-08-01 12:35
VANCOUVER, British Columbia, Aug. 01, 2025 (GLOBE NEWSWIRE) -- ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) (“ReGen III” or the “Company”), a leading clean technology company specializing in the upcycling of used motor oil (“UMO”) into high-value Group III base oils, is pleased to announce that Tony Weatherill, CEO and President, will present live at the OTCQB Venture Virtual Investor Conference hosted by VirtualInvestorConferences.com on August 7, 2025. DATE: August 7, 2025 TIME: 10:30 AM ETLIN ...
ReGen III Closes $1.75 Million Private Placement
Newsfile· 2025-07-14 04:01
Core Points - ReGen III Corp. has successfully closed a non-brokered private placement, issuing 8,750,000 Units at a price of $0.20 per Unit, resulting in gross proceeds of $1,750,000 [1][2] Group 1: Private Placement Details - 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 $0.45 for two years [2] - Insiders purchased 3,380,000 Units, representing 38.63% of the total Units issued, which translates to approximately 2.51% of the issued common shares post-placement [4] - The net proceeds from the offering are intended for general corporate purposes and working capital, with the offering subject to final approval from the Exchange [3] Group 2: Debt Settlement and Corporate Strategy - The Company has received approval to settle certain debts by issuing 221,972 common shares at a deemed price of $0.2034 per share, with a hold period until November 12, 2025 [10] - The CEO expressed gratitude to shareholders and highlighted the strong insider participation as a sign of confidence in the Company's technology and market potential [6] Group 3: Company Overview and Future Plans - ReGen III specializes in upcycling used motor oil into high-value Group III base oils, aiming to reduce CO2e emissions by 82% compared to virgin crude-derived base oils [11] - The Company has completed FEL2 and value engineering for its Texas recycling facility, positioning itself to become the largest producer of sustainable re-refined Group III base oil [12] - ReGen III has engaged Couloir Capital Ltd. for investor-focused equity research coverage, paying a one-time fee of $45,000 for three reports [7]
ReGen III Settles Debenture Interest with Shares
Newsfile· 2025-06-18 21:00
Core Points - ReGen III Corp. has received approval from the TSX Venture Exchange for a shares-for-debt transaction to settle $164,850 in debenture interest through the issuance of 824,250 common shares at a deemed price of $0.20 per share [1] - The transaction includes the issuance of 122,500 shares to certain insiders, qualifying as a related party transaction under Multilateral Instrument 61-101, with exemptions applied due to the fair market value being below 25% of the company's market capitalization [2] - ReGen III specializes in upcycling used motor oil into high-value Group III base oils, with its patented ReGen™ technology expected to reduce CO2e emissions by 82% compared to virgin crude derived base oils [3] - The company has completed FEL2 and value engineering for its 5,600 bpd UMO recycling facility in Texas, supported by various engineering and construction teams [4] Company Overview - ReGen III is focused on creating sustainable solutions that provide better environmental outcomes and compelling economics in the base oils market [3] - 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 market [4]
ReGen III Announces Settlement of Debenture Interest with Shares, Sale of Non-Core Asset, and Patents Update
Newsfile· 2025-06-02 04:01
Core Insights - ReGen III Corp. has opted to pay a semi-annual interest payment of $164,850 on its Series 2023-11.PP55CD-A Debentures through the issuance of approximately 855,598 common shares at a price of $0.19267 per share, pending approval from the TSX Venture Exchange [1] - The company has successfully sold a non-core asset, the Slocan Property, for gross proceeds of $295,000, which was acquired during a business combination in 2010 [2] - ReGen III has received a granted patent for its technology in Brazil, marking its first patent in the country, which has a significant re-refining rate and bans the burning of used motor oil [3] - The European Patent Office granted ReGen III a patent on April 2, 2025, and the company is moving towards the national validation stage in member states [4] - The company currently holds 22 patents issued or granted for its ReGen™ process and has 11 patents pending globally [5] - ReGen III's ReGen™ technology aims to upcycle used motor oil into high-value Group III base oils, with an expected reduction of CO2e emissions by 82% compared to virgin crude-derived base oils [6] - The company has completed FEL2 and value engineering for its 5,600 bpd UMO recycling facility in Texas, collaborating with several engineering and construction firms [7] - ReGen III 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 [7]
ReGen III Appoints Liam Gallacher to Board of Directors
Newsfile· 2025-04-28 21:01
Core Insights - ReGen III Corp. has appointed Liam Gallacher to its Board of Directors, bringing extensive expertise in business development, finance, and governance within the oil, energy, and sustainability sectors [1][2][5] Company Overview - ReGen III specializes in upcycling used motor oil (UMO) into high-value Group III base oils, aiming to lead in the innovation and development of sustainable lubricants [1][7] - The company's patented ReGen™ technology is expected to reduce CO2e emissions by 82% compared to virgin crude-derived base oils [7] Leadership and Expertise - Liam Gallacher has a strong background in capital markets, having served as Vice President of Business Development at Cannonball Capital Inc. and held roles at Morgan Stanley and Raymond James [2][3] - His experience includes contributions to fundraising and strategic initiatives at Revalesio Corporation and involvement in the private equity buyout of Green Energy Services [2] Strategic Initiatives - The company has completed FEL2 and value engineering for its 5,600 bpd UMO recycling facility in Texas, supported by leading engineering and construction teams [8] - ReGen III 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 [8] Stock Options - ReGen III has granted 1,475,000 stock options to certain directors and officers, exercisable at $0.30 per option and valid for five years [6]