ReGen III to Settle Debenture Interest with Shares
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF), a clean technology company focused on upcycling used motor oil into Group III base oils, has announced two share-related transactions:
1. The company will pay $45,150 in semi-annual debenture interest through issuing approximately 118,501 common shares at $0.381 per share, subject to TSX Venture Exchange approval.
2. The company has completed a previously announced settlement of $164,850 in debenture interest by issuing 714,555 common shares at $0.2307 per share, with a hold period ending April 19, 2025.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF), una compagnia di tecnologia pulita focalizzata sul riutilizzo dell'olio motore usato per produrre oli base di Gruppo III, ha annunciato due transazioni relative alle azioni:
1. La società pagherà $45,150 come interessi semestrali su obbligazioni tramite l'emissione di circa 118,501 azioni comuni a $0.381 per azione, soggetto all'approvazione della TSX Venture Exchange.
2. La società ha completato un accordo precedentemente annunciato di $164,850 per interessi su obbligazioni emettendo 714,555 azioni comuni a $0.2307 per azione, con un periodo di blocco che termina il 19 aprile 2025.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF), una empresa de tecnología limpia centrada en reciclar aceite de motor usado en aceites base de Grupo III, ha anunciado dos transacciones relacionadas con acciones:
1. La empresa pagará $45,150 en intereses semestrales de bonos mediante la emisión de aproximadamente 118,501 acciones ordinarias a $0.381 por acción, sujeto a la aprobación de la TSX Venture Exchange.
2. La empresa ha completado un acuerdo previamente anunciado de $164,850 en intereses de bonos al emitir 714,555 acciones ordinarias a $0.2307 por acción, con un periodo de bloqueo que finaliza el 19 de abril de 2025.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF)는 중고 오일을 그룹 III 베이스 오일로 업사이클링하는 청정 기술 회사로, 주식 관련 두 건의 거래를 발표했습니다:
1. 회사는 TSX 벤처 거래소의 승인을 조건으로 약 118,501 주식을 주당 $0.381의 가격으로 발행하여 $45,150의 반기 전환사채 이자를 지급할 것입니다.
2. 회사는 714,555 주식을 주당 $0.2307로 발행하여 $164,850의 전환사채 이자에 대한 이전에 발표된 합의를 완료했으며, 보유 기간은 2025년 4월 19일에 종료됩니다.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF), une entreprise de technologie propre spécialisée dans le recyclage de l'huile moteur usagée en huiles de base de groupe III, a annoncé deux transactions liées aux actions :
1. L'entreprise paiera 45,150 $ en intérêts semestriels sur obligations en émettant environ 118,501 actions ordinaires à 0,381 $ par action, sous réserve de l'approbation de la TSX Venture Exchange.
2. L'entreprise a finalisé un règlement précédemment annoncé de 164,850 $ d'intérêts sur obligations en émettant 714,555 actions ordinaires au prix de 0,2307 $ par action, avec une période de blocage se terminant le 19 avril 2025.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF), ein Unternehmen für saubere Technologie, das sich auf das Upcycling von gebrauchten Motorölen zu Basisölen der Gruppe III konzentriert, hat zwei aktienbezogene Transaktionen bekannt gegeben:
1. Das Unternehmen wird $45,150 an halbjährlichen Zinszahlungen für Wandelanleihen leisten, indem es etwa 118,501 Stammaktien zu je $0.381 ausgibt, vorbehaltlich der Genehmigung der TSX Venture Exchange.
2. Das Unternehmen hat eine zuvor angekündigte Vereinbarung über $164,850 an Zinsen aus Wandelanleihen abgeschlossen, indem es 714,555 Stammaktien zu $0.2307 pro Aktie ausgegeben hat, mit einer Haltedauer, die am 19. April 2025 endet.
- None.
- Dilution of shareholder value through issuance of 833,056 new shares for debenture interest payments
- Company choosing to pay interest in shares rather than cash, potentially indicating cash flow constraints
Vancouver, British Columbia--(Newsfile Corp. - December 31, 2024) - 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, announces it has elected, pursuant to the terms of its Series 2023-11.PP55CD-B Debentures, to pay the semi-annual interest payment due in the amount of
In addition, further to the Company's November 29, 2024 press release regarding the settlement of
About ReGen III
ReGen III is a cleantech company commercializing its patented ReGen™ technology to upcycle UMO into high-value Group III base oils. With a focus on creating sustainable solutions that generate better environmental outcomes and compelling economics, the Company's ReGen™ process is expected to reduce CO2e emissions by
In 2022, ReGen III completed FEL2 and value engineering for the Company's 5,600 bpd UMO Texas recycling facility, with the support of world-class engineering, construction and licensed vendor teams - including Koch Project Solutions, LLC, PCL Industrial Management Ltd., Studi Tecnologie Progetti S.p.A., Koch Modular Process Systems and Duke Technologies.
Operating in an underserved segment of the base oil market, ReGen III aims to become the world's largest producer of sustainable Group III base oil.
For more information on ReGen III or to subscribe to the Company's mailing list, please visit: www.regeniii.com/investors/corporate-presentations and www.regeniii.com/newsletter-subscription.
For further information, please contact:
Investor & Media inquiries:
Email: investors@regeniii.com
Corporate Inquiries:
Kimberly Hedlin
Vice President, Corporate Finance
Tel: (403) 921-9012
Email: info@regeniii.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information other than statements of historical facts contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the Company's business plans, expectations, capital costs and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information. Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Management's Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedarplus.ca under the Company's profile and on the Company's website, www.ReGenIII.com. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235693
FAQ
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