ReGen III to Settle Debenture Interest with Shares
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF), a clean technology company focused on upcycling used motor oil into Group III base oils, has announced its decision to settle its semi-annual interest payment of $164,850 through the issuance of approximately 714,564 common shares at $0.2307 per share. The share issuance is subject to TSX Venture Exchange approval and will have a four-month hold period from the closing date.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF), un'azienda di tecnologia pulita focalizzata sul riciclo dell'olio motore usato in oli di base di Gruppo III, ha annunciato la sua decisione di saldare il pagamento degli interessi semestrali di $164,850 attraverso l'emissione di circa 714,564 azioni ordinarie a $0.2307 per azione. L'emissione delle azioni è soggetta all'approvazione della TSX Venture Exchange e avrà un periodo di blocco di quattro mesi dalla data di chiusura.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF), una empresa de tecnología limpia centrada en la valorización de aceite de motor usado en aceites base del Grupo III, ha anunciado su decisión de liquidar el pago de intereses semestrales de $164,850 mediante la emisión de aproximadamente 714,564 acciones ordinarias a $0.2307 por acción. La emisión de acciones está sujeta a la aprobación de la TSX Venture Exchange y tendrá un período de retención de cuatro meses desde la fecha de cierre.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF)는 사용된 모터 오일을 그룹 III 기초 오일로 업사이클링하는 청정 기술 회사로, $164,850의 반기 이자 지급을 $0.2307의 주당 가격으로 약 714,564주의 보통주 발행을 통해 정산하기로 결정했다고 발표했습니다. 주식 발행은 TSX 벤처 거래소의 승인을 받아야 하며, 거래 마감일부터 4개월의 금지 기간이 있습니다.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF), une entreprise de technologie propre axée sur le recyclage de l'huile moteur usagée en huiles de base de Groupe III, a annoncé sa décision de régler le paiement d'intérêts semestriels de $164,850 par l'émission d'environ 714,564 actions ordinaires au prix de $0.2307 par action. L'émission des actions est soumise à l'approbation de la TSX Venture Exchange et aura une période de blocage de quatre mois à partir de la date de clôture.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF), ein Unternehmen für saubere Technologie, das sich auf das Upcycling von verwendetem Motoröl in Grundöle der Gruppe III spezialisiert hat, hat seine Entscheidung bekannt gegeben, die halbjährliche Zinszahlung in Höhe von $164,850 durch die Ausgabe von ungefähr 714,564 Stammaktien zu einem Preis von $0.2307 pro Aktie zu begleichen. Die Aktienausgabe unterliegt der Genehmigung der TSX Venture Exchange und unterliegt einer viermonatigen Sperrfrist ab dem Abschlussdatum.
- None.
- Company choosing to pay interest with shares instead of cash indicates potential cash flow constraints
- Shareholder dilution due to issuance of 714,564 new common shares
Vancouver, British Columbia--(Newsfile Corp. - November 29, 2024) - 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 that it has elected, pursuant to the terms of its Series 2023-11.PP55CD-A Debentures, to pay the semi-annual interest payment due in the amount of
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
In 2022, ReGen III 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 oil market, ReGen III aims to become the world's largest producer of sustainable 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/231987
FAQ
How much is ReGen III's (ISRJF) semi-annual interest payment in November 2023?
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