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Regenx Welcomes New Board Member and Changes Auditor

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Regenx Tech Corp. (CSE: RGX) (OTCQB: RGXTF) has announced the appointment of John Kiland to its Board of Directors. Kiland has been associated with DPF Alternatives since 2020, a company specializing in cleaning and restoration of diesel particulate filters and diesel oxidation catalysts with 90 locations across North America.

Upon joining the board, Kiland will receive 300,000 stock options at an exercise price of $0.05, vesting immediately with a five-year term.

Additionally, Regenx has appointed DMCL Chartered Professional Accountants as its new auditor effective February 4, 2025, following the resignation of Gallo LLP. The company also announced a fiscal year-end change to March 31. Q4 2024 interim financial statements will be released by March 3, 2025, and the audited 15-month financial statements for the period ending March 31, 2025, will be published by July 29, 2025.

Regenx Tech Corp. (CSE: RGX) (OTCQB: RGXTF) ha annunciato la nomina di John Kiland nel suo Consiglio di Amministrazione. Kiland è associato a DPF Alternatives dal 2020, un'azienda specializzata nella pulizia e nel ripristino dei filtri antiparticolato diesel e dei catalizzatori di ossidazione diesel, con 90 sedi in Nord America.

Con l'ingresso nel consiglio, Kiland riceverà 300.000 opzioni su azioni a un prezzo di esercizio di $0,05, con maturazione immediata e un termine di cinque anni.

Inoltre, Regenx ha nominato DMCL Chartered Professional Accountants come nuovo revisore dei conti a partire dal 4 febbraio 2025, a seguito delle dimissioni di Gallo LLP. L'azienda ha anche annunciato un cambio della fine dell'anno fiscale al 31 marzo. I bilanci finanziari intermedi del quarto trimestre del 2024 saranno rilasciati entro il 3 marzo 2025 e i bilanci finanziari auditati di 15 mesi per il periodo che termina il 31 marzo 2025 saranno pubblicati entro il 29 luglio 2025.

Regenx Tech Corp. (CSE: RGX) (OTCQB: RGXTF) ha anunciado el nombramiento de John Kiland en su Junta Directiva. Kiland ha estado asociado con DPF Alternatives desde 2020, una empresa especializada en la limpieza y restauración de filtros de partículas diésel y catalizadores de oxidación diésel, con 90 ubicaciones en América del Norte.

Al unirse a la junta, Kiland recibirá 300,000 opciones sobre acciones a un precio de ejercicio de $0.05, con adquisición inmediata y un plazo de cinco años.

Además, Regenx ha nombrado a DMCL Chartered Professional Accountants como su nuevo auditor a partir del 4 de febrero de 2025, tras la renuncia de Gallo LLP. La empresa también anunció un cambio del cierre del año fiscal al 31 de marzo. Los estados financieros interinos del cuarto trimestre de 2024 se publicarán antes del 3 de marzo de 2025, y los estados financieros auditados de 15 meses para el período que finaliza el 31 de marzo de 2025 se publicarán antes del 29 de julio de 2025.

Regenx Tech Corp. (CSE: RGX) (OTCQB: RGXTF)는 John Kiland를 이사회에 임명했다고 발표했습니다. Kiland는 2020년부터 DPF Alternatives와 관련이 있으며, 이 회사는 북미 전역에 90개의 지점을 두고 디젤 미립자 필터 및 디젤 산화 촉매의 청소 및 복원에 전문화된 회사입니다.

이사회에 합류함에 따라 Kiland는 즉시 행사 가능한 300,000주의 주식 옵션을 $0.05의 행사 가격으로 받게 되며, 5년의 유효기간이 있습니다.

또한 Regenx는 DMCL Chartered Professional Accountants를 2025년 2월 4일부터 새로운 감사인으로 임명했으며, 이는 Gallo LLP의 사임에 따른 것입니다. 회사는 또한 회계 연도 종료일을 3월 31일로 변경한다고 발표했습니다. 2024년 4분기 중간 재무제표는 2025년 3월 3일까지 발표될 예정이며, 2025년 3월 31일 종료되는 15개월 재무제표는 2025년 7월 29일까지 발표될 것입니다.

Regenx Tech Corp. (CSE: RGX) (OTCQB: RGXTF) a annoncé la nomination de John Kiland à son Conseil d'Administration. Kiland est associé à DPF Alternatives depuis 2020, une entreprise spécialisée dans le nettoyage et la restauration des filtres à particules diesel et des catalyseurs d'oxydation diesel, avec 90 sites en Amérique du Nord.

En rejoignant le conseil, Kiland recevra 300 000 options d'achat d'actions à un prix d'exercice de 0,05 $, avec acquisition immédiate et une durée de cinq ans.

De plus, Regenx a nommé DMCL Chartered Professional Accountants comme son nouvel auditeur à compter du 4 février 2025, suite à la démission de Gallo LLP. L'entreprise a également annoncé un changement de la date de clôture de l'année fiscale au 31 mars. Les états financiers intermédiaires du quatrième trimestre 2024 seront publiés d'ici le 3 mars 2025, et les états financiers audités de 15 mois pour la période se terminant le 31 mars 2025 seront publiés d'ici le 29 juillet 2025.

Regenx Tech Corp. (CSE: RGX) (OTCQB: RGXTF) hat die Ernennung von John Kiland in seinen Vorstand bekannt gegeben. Kiland ist seit 2020 mit DPF Alternatives verbunden, einem Unternehmen, das sich auf die Reinigung und Wiederherstellung von Dieselpartikelfiltern und Dieseloxidationskatalysatoren spezialisiert hat und 90 Standorte in Nordamerika hat.

Mit dem Eintritt in den Vorstand erhält Kiland 300.000 Aktienoptionen zu einem Ausübungspreis von 0,05 $, die sofort gültig sind und eine Laufzeit von fünf Jahren haben.

Darüber hinaus hat Regenx DMCL Chartered Professional Accountants als neuen Wirtschaftsprüfer ab dem 4. Februar 2025 ernannt, nach dem Rücktritt von Gallo LLP. Das Unternehmen gab auch eine Änderung des Geschäftsjahresendes auf den 31. März bekannt. Die Zwischenfinanzberichte für das 4. Quartal 2024 werden bis zum 3. März 2025 veröffentlicht, und die geprüften 15-monatigen Finanzberichte für den Zeitraum bis zum 31. März 2025 werden bis zum 29. Juli 2025 veröffentlicht.

Positive
  • New board member with industry expertise in catalytic converters
  • Board member comes from DPF Alternatives with 90 North American locations
  • Smooth transition to new auditor
Negative
  • Previous auditor resigned due to increasing regulatory requirements
  • Fiscal year-end change requiring 15-month financial statements

EDMONTON, Alberta, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Regenx Tech Corp. (“Regenx” or the “Company”) (CSE: RGX) (OTCQB: RGXTF) is pleased to announce the appointment of John Kiland to its Board of Directors.

In addition to his various business ventures John has been associated with DPF Alternatives (“DPF”) since 2020. DPF specializes in the cleaning and restoration of diesel particulate filters and diesel oxidation catalysts which are the primary components of a diesel catalytic converter. DPF operates 90 locations across North America and the company is recognized as a leader in complete DPF restoration for all years, makes, and models.

Greg Pendura, Chairman of the Board, commented, “We are excited to welcome John to the Board of Directors. His extensive experience in the catalytic converter industry will be a valuable asset to Regenx as we continue to grow.”

Upon joining the board, John will be granted 300,000 stock options with an exercise price of $0.05, vesting immediately. The options will have a five-year term.

Appointment of New Auditor and Fiscal Year-End Change

Regenx has also appointed DMCL Chartered Professional Accountants as its auditor, effective February 4, 2025. The Company accepted the resignation of its previous auditor, Gallo LLP, Chartered Professional Accountants ("Gallo").

Emily Richardson, CFO, stated, “While we are pleased to welcome DMCL, this change was necessary as our previous auditor decided to cease auditing publicly listed companies due to increasing regulatory requirements for small and mid-sized accounting firms.”

Additionally, in conjunction with the change in auditors and due to CPA Alberta regulations, Regenx will be changing its fiscal year-end to March 31. As a result:

  • The Q4 2024 interim financial statements will be released on or before March 3, 2025, in compliance with SEDAR deadlines.
  • The audited 15-month financial statements for the period ending March 31, 2025, will be published on or before July 29, 2025.

About Regenx Tech Corp.

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 experience does John Kiland bring to Regenx Tech (RGXTF)?

John Kiland has been associated with DPF Alternatives since 2020, a company specializing in diesel particulate filter cleaning and restoration with 90 North American locations, bringing valuable catalytic converter industry experience to Regenx.

Why did Regenx Tech (RGXTF) change its auditor in February 2025?

Regenx changed auditors because their previous firm, Gallo LLP, decided to cease auditing publicly listed companies due to increasing regulatory requirements for small and mid-sized accounting firms.

When will Regenx Tech (RGXTF) release its next financial statements?

Regenx will release Q4 2024 interim financial statements by March 3, 2025, and audited 15-month financial statements for the period ending March 31, 2025, by July 29, 2025.

What stock options did Regenx Tech (RGXTF) grant to its new board member?

Regenx granted John Kiland 300,000 stock options with an exercise price of $0.05, vesting immediately with a five-year term upon joining the board.

Why is Regenx Tech (RGXTF) changing its fiscal year-end to March 31?

Regenx is changing its fiscal year-end to March 31 in conjunction with the auditor change and due to CPA Alberta regulations.

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