Regenx Announces Non-Brokered Financing for Gross Proceeds of $503,423
Regenx Tech Corp. (TSXV: RGX, OTCQB: RGXTF) has secured a non-brokered financing through debentures for gross proceeds of $503,423. The debentures will carry a 15% annual interest rate and include warrant issuance of 500 warrants per $1,000 debenture. Each warrant enables the purchase of one common share at $0.05 per share until October 30, 2025. The company maintains the right to redeem debentures with 10 days prior notice. Proceeds will support operations and working capital needs. Regenx operates in the cleantech sector, focusing on recycling end-of-life diesel catalytic converters to recover precious metals like platinum and palladium.
Regenx Tech Corp. (TSXV: RGX, OTCQB: RGXTF) ha ottenuto un finanziamento non intermediaro attraverso obbligazioni per un provento lordo di $503.423. Le obbligazioni porteranno un tasso d'interesse annuale del 15% e includono l'emissione di 500 warrant per ogni obbligazione da $1.000. Ogni warrant consente l'acquisto di un'azione comune a $0,05 per azione fino al 30 ottobre 2025. L'azienda mantiene il diritto di riscattare le obbligazioni con un preavviso di 10 giorni. I proventi supporteranno le operazioni e le esigenze di capitale circolante. Regenx opera nel settore cleantech, concentrandosi sul riciclaggio dei convertitori catalitici diesel a fine vita per recuperare metalli preziosi come platino e palladio.
Regenx Tech Corp. (TSXV: RGX, OTCQB: RGXTF) ha conseguido un financiamiento no intermediado a través de bonos por un ingreso bruto de $503,423. Los bonos tendrán una tasa de interés anual del 15% e incluyen la emisión de 500 warrants por cada bono de $1,000. Cada warrant permite la compra de una acción ordinaria a $0.05 por acción hasta el 30 de octubre de 2025. La empresa se reserva el derecho de redimir los bonos con un aviso previo de 10 días. Los ingresos apoyarán operaciones y necesidades de capital de trabajo. Regenx opera en el sector de tecnología limpia, centrándose en el reciclaje de convertidores catalíticos diésel al final de su vida útil para recuperar metales preciosos como el platino y el paladio.
Regenx Tech Corp. (TSXV: RGX, OTCQB: RGXTF)는 $503,423의 총 수익을 위한 비중개 채권融资을 확보했습니다. 이 채권은 연 15%의 이자율을 가지고 있으며, $1,000당 500개의 워런트 발행이 포함됩니다. 각 워런트는 2025년 10월 30일까지 주당 $0.05에 보통주 1주를 구매할 수 있는 권리를 부여합니다. 회사는 10일 전에 통지함으로써 채권을 상환할 권리를 보유합니다. 수익은 운영 및 운영 자본 요구 사항을 지원합니다. Regenx는 클린텍 분야에서 활동하며, 사용이 끝난 디젤 촉매 변환기를 재활용하여 백금 및 팔라듐과 같은 귀금속을 회수하는 데 중점을 두고 있습니다.
Regenx Tech Corp. (TSXV: RGX, OTCQB: RGXTF) a obtenu un financement non intermédié par le biais d'obligations pour un produit brut de 503 423 $. Les obligations porteront un taux d'intérêt annuel de 15% et incluent l'émission de 500 bons de souscription par obligation de 1 000 $. Chaque bon permet l'achat d'une action ordinaire à 0,05 $ par action jusqu'au 30 octobre 2025. La société se réserve le droit de racheter des obligations avec un préavis de 10 jours. Les produits soutiendront les opérations et les besoins en fonds de roulement. Regenx opère dans le secteur des technologies propres, en se concentrant sur le recyclage des convertisseurs catalytiques diesel en fin de vie pour récupérer des métaux précieux tels que le platine et le palladium.
Regenx Tech Corp. (TSXV: RGX, OTCQB: RGXTF) hat eine nicht vermittelte Finanzierung durch Anleihen mit brutto Einnahmen von $503.423 gesichert. Die Anleihen tragen einen jährlichen Zinssatz von 15% und beinhalten die Ausgabe von 500 Warrants pro $1.000 Anleihe. Jeder Warrant ermöglicht den Kauf einer Stammaktie zu $0,05 pro Aktie bis zum 30. Oktober 2025. Das Unternehmen behält sich das Recht vor, Anleihen mit einer Frist von 10 Tagen zu kündigen. Die Erlöse werden die Betriebe und den Arbeitskapitalbedarf unterstützen. Regenx ist im Cleantech-Sektor tätig und konzentriert sich auf das Recycling von Diesel-Katalysatoren am Ende ihrer Lebensdauer, um Edelmetalle wie Platin und Palladium zurückzugewinnen.
- Secured $503,423 in new financing for working capital
- Company retains flexibility with debenture redemption rights
- High interest rate of 15% on debentures indicates expensive financing
- Potential dilution from warrant issuance at $0.05 per share
- Reliance on debt financing suggests cash flow challenges
EDMONTON, Alberta, Dec. 31, 2024 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Company" or "Regenx") (TSXV: RGX) (OTCQB: RGXTF) (FSE: YRS WKN: A2DSW3) announces the Company has received unsecured and non-brokered financing for gross proceeds of
About Regenx
Regenx Tech is a cleantech, urban mining company that recycles end-of-life diesel catalytic converters using its innovative and environmentally friendly proprietary technology for the recovery of precious metals, such as platinum and palladium. Learn more at www.regenx.tech.
For further information contact:
REGENX TECH CORP.
Investors@Regenx.Tech
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
FAQ
What are the terms of Regenx Tech's (RGXTF) December 2024 debenture financing?
How much funding did Regenx Tech (RGXTF) raise in its December 2024 financing?
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