ReGen III Provides Update on Convertible Debenture Interest Payment

Rhea-AI Summary

ReGen III (OTCQB: ISRJF), a clean technology company focused on upcycling used motor oil into Group III base oils, has announced its decision to pay the semi-annual interest payment of $45,150 on its Series 2023-11.PP55CD-B Debentures through the issuance of 221,972 common shares at $0.2034 per share.

The transaction includes a related party component involving 15,486 shares being issued to company insiders. The settlement shares will be subject to a four-month hold period, and the transaction requires TSX Venture Exchange approval.

Positive

• None.

Negative

• Company opts to pay interest in shares rather than cash, potentially indicating cash preservation needs
• Dilution of existing shareholders through issuance of 221,972 new shares

News Market Reaction

-4.45%

1 alert

-4.45% News Effect

On the day this news was published, ISRJF declined 4.45%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) ("ReGen III" or the "Company"), a leading clean technology company specializing in the upcycling of used motor oil ("UMO") into high-value Group III base oils, announces it has elected, pursuant to the terms of its Series 2023-11.PP55CD-B Debentures, to pay the semi-annual interest payment due in the amount of $45,150 through the issuance of approximately 221,972 common shares of the Company ("Settlement Shares") at a deemed price of $0.2034 per Settlement Share (the "Debt Settlement"). Completion of the transaction remains subject to the approval of the TSX Venture Exchange. Securities issued will be subject to a hold period of four months from the date of issue.

The Debt Settlement includes the issuance of an aggregate of 15,486 Settlement Shares to certain insiders of the Company (the "Insider Transaction"), which is a "related party transaction" under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied upon the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in section 5.5 (a) and 5.7(1) (a), as the fair market value of the Insider Transaction does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

About ReGen III

ReGen III is a cleantech company commercializing its patented ReGen™ technology to upcycle UMO into high-value Group III base oils. With a focus on creating sustainable solutions that generate better environmental outcomes and compelling economics, the Company's ReGen™ process is expected to reduce CO₂e emissions by 82% as compared to virgin crude derived base oils combusted at end of life.

ReGen III has completed FEL2 and value engineering for the Company's 5,600 bpd UMO Texas recycling facility, with the support of world-class engineering, construction and licensed vendor teams – including Koch Project Solutions, LLC, PCL Industrial Management Ltd., Studi Tecnologie Progetti S.p.A., Koch Modular Process Systems and Duke Technologies.

Operating in an underserved segment of the base oils market, ReGen III aims to become the world's largest producer of sustainable re-refined Group III base oil.

For more information on ReGen III or to subscribe to the Company's mailing list, please visit: www.regeniii.com/investors/corporate-presentations and www.regeniii.com/newsletter-subscription.

For further information, please contact:

Investor & Media inquiries:
Email: investors@regeniii.com

Corporate Inquiries:
Kimberly Hedlin
Vice President, Corporate Finance
Tel: (403) 921-9012
Email: info@regeniii.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information other than statements of historical facts contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the Company's business plans, expectations, capital costs and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information. Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Management's Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedarplus.ca under the Company's profile and on the Company's website, www.ReGenIII.com. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257592

FAQ

What is the value of ReGen III's (ISRJF) interest payment being settled in shares?

ReGen III's interest payment amounts to $45,150, which will be settled through the issuance of approximately 221,972 common shares at $0.2034 per share.

How many shares are being issued to ReGen III insiders in the debt settlement?

15,486 settlement shares will be issued to company insiders as part of the debt settlement transaction.

What is the hold period for the new shares issued by ReGen III (ISRJF)?

The settlement shares will be subject to a four-month hold period from the date of issue.

What approvals are needed for ReGen III's debt settlement transaction?

The debt settlement transaction requires TSX Venture Exchange approval for completion.

What is ReGen III's (ISRJF) main business focus?

ReGen III is a clean technology company that specializes in upcycling used motor oil (UMO) into high-value Group III base oils.