ReGen III Provides Update on Convertible Debenture Interest Payment
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.
ReGen III (OTCQB: ISRJF), un'azienda di tecnologie pulite specializzata nel riciclo dell'olio motore usato in oli base di Gruppo III, ha annunciato la sua decisione di pagare l'interesse semestrale di 45.150 $ sui suoi debentures Serie 2023-11.PP55CD-B mediante l'emissione di 221.972 azioni ordinarie al prezzo di 0,2034 $ per azione.
L'operazione include una componente correlata che prevede l'emissione di 15.486 azioni a dirigenti della società. Le azioni di regolamento saranno soggette a un periodo di blocco di quattro mesi e l'operazione necessita dell'approvazione della TSX Venture Exchange.
ReGen III (OTCQB: ISRJF), una empresa de tecnología limpia enfocada en reciclar aceite de motor usado en aceites base del Grupo III, ha anunciado su decisión de pagar el interés semestral de 45,150 $ sobre sus bonos Serie 2023-11.PP55CD-B mediante la emisión de 221,972 acciones comunes a 0.2034 $ por acción.
La transacción incluye un componente relacionado que implica la emisión de 15,486 acciones a personas internas de la empresa. Las acciones de liquidación estarán sujetas a un período de retención de cuatro meses y la operación requiere la aprobación de la Bolsa de Valores TSX Venture.
ReGen III (OTCQB: ISRJF)는 사용된 엔진 오일을 그룹 III 기초유로 업사이클링하는 친환경 기술 회사로, 45,150달러의 2023-11.PP55CD-B 시리즈 채권 반기 이자를 주당 0.2034달러에 221,972주의 보통주 발행으로 지급하기로 결정했다고 발표했습니다.
이번 거래에는 회사 내부자에게 15,486주가 발행되는 관련 당사자 거래가 포함되어 있습니다. 지급 주식은 4개월간의 보호예수 기간이 적용되며, 거래는 TSX 벤처 거래소의 승인을 필요로 합니다.
ReGen III (OTCQB : ISRJF), une entreprise de technologies propres spécialisée dans le recyclage de l'huile moteur usagée en huiles de base de Groupe III, a annoncé sa décision de payer l'intérêt semestriel de 45 150 $ sur ses débentures Série 2023-11.PP55CD-B par l'émission de 221 972 actions ordinaires au prix de 0,2034 $ par action.
La transaction comprend une composante liée impliquant l'émission de 15 486 actions à des initiés de la société. Les actions de règlement seront soumises à une période de blocage de quatre mois, et la transaction nécessite l'approbation de la TSX Venture Exchange.
ReGen III (OTCQB: ISRJF), ein Unternehmen für saubere Technologien, das sich auf das Upcycling von gebrauchtem Motoröl zu Basisölen der Gruppe III spezialisiert hat, hat beschlossen, die halbjährliche Zinszahlung von 45.150 $ auf seine Schuldverschreibungen der Serie 2023-11.PP55CD-B durch die Ausgabe von 221.972 Stammaktien zu je 0,2034 $ pro Aktie zu begleichen.
Die Transaktion umfasst eine verbundene Komponente, bei der 15.486 Aktien an Insider des Unternehmens ausgegeben werden. Die Abwicklungsaktien unterliegen einer viermonatigen Haltefrist, und die Transaktion bedarf der Genehmigung der TSX Venture Exchange.
- None.
- 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
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
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
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
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
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