- ReGen III Corp. (GIII) announced a non-brokered private placement financing for gross proceeds of up to $2,500,000
- The company will issue up to 3.3 million units at a price of $0.75 per unit
- The offering is expected to close in mid-March
- ReGen III Corp is a cleantech recycling company commercializing technology to recycle used motor oil into high-value Group III base oils
- ReGen III Corp. (GIII) opened trading at C$0.70
ReGen III Corp. (GIII) announced a non-brokered private placement financing for gross proceeds of up to $2,500,000.
The company will issue up to 3.3 million units at a price of $0.75 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will be exercisable to acquire an additional common share at a price of $1.25 per share for a period of two years.
Net proceeds will be used to continue advancing on FEL3 (FEED), pay consultants and for general working capital and other corporate purposes.
The offering is expected to close in mid-March.
About ReGen III
ReGen III Corp is a cleantech recycling company commercializing technology to recycle used motor oil into high-value Group III base oils. The company’s patented ReGen process is designed to reduce CO2e emissions by up to 82 per cent as compared to virgin crude-derived base oils combusted at end of life.
ReGen III Corp. (GIII) opened trading at C$0.70.