ReGen III Provides General Update and Announces Convertible Debenture Offering
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2023) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) ("ReGen III" or the "Company"), a leading clean technology company commercializing the ReGen™ patented process to recycle used motor oil ("UMO") into high-value Group III base oils, is pleased to provide the following corporate update.
- Throughout September and October, ReGen III entered into additional non-disclosure agreements.
- Physical samples of ReGen III's Group III base oils were sent to these entities for their in-house laboratory testing.
- ReGen III looks forward to receiving continued positive Group III synthetic base oil test results from the most recent sample recipients.
- Each Unit will consist of a $1,000 in principal amount of unsecured convertible debenture (a "Debenture") and 1,000 common share purchase warrants of the Company (a "Warrant").