ReGen III launches $4 million private placement financing

ReGen III Corp. (TSXV: GIII) initiated a non-brokered private placement to raise up to $4 million through the sale of 20 million units priced at $0.20 each, according to a company statement.

Each unit consists of one common share and half of a common share purchase warrant. The warrants allow holders to purchase additional shares at $0.30 per share for three years from the issuance date.

The company plans to use net proceeds for working capital, general corporate purposes and debt repayment. ReGen III specializes in converting used motor oil into Group III base oils using its patented technology.

The offering requires regulatory approvals, including approval from the TSX Venture Exchange. Securities issued will be subject to a four-month statutory hold period. The company may pay finder's fees in connection with the placement, subject to securities laws and exchange rules.

ReGen III trades on multiple exchanges including OTCQB under ticker ISRJF and Frankfurt Stock Exchange as PN4. The securities will not be registered under U.S. securities laws and cannot be offered to U.S. persons except under applicable exemptions.

The Vancouver-based company operates in the clean technology sector, focusing on sustainable lubricant production through its circular technology process for transforming used motor oil into base oils for engines, turbines and industrial applications.

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