Regenx Announces Non-Brokered Financing for Gross Proceeds of $679,032

Regenx Tech Corp (TSXV: RGX, OTCQB: RGXTF) has secured $679,032 through non-brokered debenture financing.

Rhea-AI Summary

Regenx Tech Corp (TSXV: RGX, OTCQB: RGXTF) has secured $679,032 through non-brokered debenture financing. The debentures will carry an interest rate of 15%-25% per annum and include warrant issuance of 500 warrants per $1,000 debenture.

Each warrant enables subscribers to purchase common shares at $0.05 per share until December 31, 2025. The company maintains the right to redeem debentures with 10 days prior notice. The funds will be allocated towards operational support and working capital.

Regenx operates in the cleantech sector, specializing in urban mining through recycling end-of-life diesel catalytic converters to recover precious metals like platinum and palladium using proprietary environmentally friendly technology.

Positive

• Secured $679,032 in new financing to support operations
• Warrant issuance provides potential additional capital if exercised

Negative

• High interest rate of 15-25% indicates expensive financing terms
• Potential dilution from warrant issuance at $0.05 per share
• Unsecured financing structure increases company's risk profile

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EDMONTON, Alberta, March 31, 2025 (GLOBE NEWSWIRE) -- Regenx Tech Corp. (the "Company" or "Regenx") (TSXV: RGX) (OTCQB: RGXTF) (FSE: YRS WKN: A2DSW3) announces the Company has received unsecured and non-brokered financing for gross proceeds of $679,032 in Debenture Financing. The debentures will bear interest at the rate of 15%-25% per annum. The Subscriber will also be issued 500 warrants for each $1,000 Debenture. Each warrant allows the Subscriber to purchase a common share of the Corporation for $0.05 per share if exercised prior to the expiry date of December 31, 2025. The Corporation can redeem the Debentures at any time upon 10 days prior written notice. The Company intends to use the proceeds to support operations, and general working capital.

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the terms of Regenx Tech (RGXTF) debenture financing announced in March 2025?

The debentures offer 15-25% annual interest rate with 500 warrants per $1,000 debenture, exercisable at $0.05 per share until December 31, 2025.

How much funding did Regenx Tech (RGXTF) raise in its March 2025 financing round?

Regenx Tech raised $679,032 through non-brokered debenture financing.

What is the exercise price and expiry date for RGXTF's newly issued warrants?

The warrants can be exercised at $0.05 per share before December 31, 2025.

How will Regenx Tech (RGXTF) use the proceeds from its March 2025 financing?

The proceeds will be used to support operations and general working capital.