ReGen III Announces Closing of Initial Tranche of Convertible Debenture Offering
Each Unit consists of CAD$1,000 in principal amount of unsecured convertible debenture (a "Debenture") and 1,000 common share purchase warrants (a "Warrant").
- Each Unit consists of CAD$1,000 in principal amount of unsecured convertible debenture (a "Debenture") and 1,000 common share purchase warrants (a "Warrant").
- Each Warrant is exercisable to purchase one common share at a price of CAD$0.55 for a period of 24 months after closing.
- The Debentures will be convertible at the option of the holder into common shares at a price of CAD$0.55 per common share.
- The ReGen III team remains in an excellent position to conclude these ongoing discussions and negotiations.