Regenx Announces Proposed Debenture Offering With a $750,000 Lead Order
The Debentures will bear interest at the rate of fifteen percent (15%) per annum, payable on the maturity date and will mature on December 31, 2025.
- The Debentures will bear interest at the rate of fifteen percent (15%) per annum, payable on the maturity date and will mature on December 31, 2025.
- The Subscriber will also be issued 14,285 warrants for each $1,000 Debenture.
- The closing of the Private Placement is expected to occur on or about December 31, 2023.
- The Company intends to use the proceeds from the offering for general corporate purposes including general working capital and operating the Catalytic Converter business.