Regenx Announces Non-Brokered Financing for Gross Proceeds of $469,481
Rhea-AI Summary
Regenx Tech Corp (OTCQB: RGXTF), a cleantech urban mining company, has secured non-brokered financing of $469,481 through debentures. The debentures will carry an interest rate of 15%-25% per annum and include warrant issuance of 500 warrants per $1,000 debenture, with each warrant exercisable at $0.05 per common share.
The company, which specializes in recycling end-of-life diesel catalytic converters for precious metals recovery such as platinum and palladium, plans to use the proceeds for operational support and working capital. The debentures are unsecured and can be redeemed by the corporation with 10 days prior written notice.
Positive
- None.
Negative
- High interest rate of 15-25% indicates expensive financing terms
- Potential dilution from warrant issuance
- Unsecured nature of debentures suggests higher risk
News Market Reaction – RGXTF
On the day this news was published, RGXTF declined 14.75%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
EDMONTON, Alberta, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Regenx Tech Corp. (the “Company” or “Regenx”) (CSE: RGX) (OTCQB: RGXTF) (FSE: YRS WKN: A2DSW3) announces that it has received unsecured and non-brokered financing for gross proceeds of
About Regenx
Regenx Tech is a cleantech, urban mining company that recycles end-of-life diesel catalytic converters using its innovative and environmentally friendly proprietary technology for the recovery of precious metals, such as platinum and palladium. Learn more at www.regenx.tech.
For further information contact:
REGENX TECH CORP.
Investors@Regenx.Tech
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information: This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information regarding: the business of the Company, including future plans and objectives, and the debentures. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects Regenx’s current beliefs and is based on information currently available to Regenx and on assumptions Regenx believes are reasonable. These assumptions include, but are not limited to: the underlying value of Regenx and its common shares, Regenx’s current and initial understanding and analysis of its projects and the development required for such projects; the costs of Regenx’s projects; Regenx’s general and administrative costs remaining constant; and the market acceptance of Regenx’s business strategy. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Regenx to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; industry condition; volatility of commodity prices; environmental risks; operational risks; general capital market conditions and market prices for securities; delay or failure to receive board or regulatory approvals; the actual results of future operations; competition; changes in legislation, including environmental legislation, affecting Regenx; the timing and availability of external financing on acceptable terms; and lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in Regenx’s disclosure documents on the SEDAR+ website at www.sedarplus.ca. Although Regenx has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Regenx as of the date of this news release and, accordingly, is subject to change after such date. However, Regenx expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
FAQ
What are the terms of RGXTF's September 2025 debenture financing?
How will Regenx Tech use the proceeds from the $469,481 financing?
What is Regenx Tech's main business focus?
What are the key risks associated with RGXTF's debenture financing?
How can the debentures be redeemed by Regenx Tech?
