Regenx Grants Stock Options
Rhea-AI Summary
Regenx Tech Corp (CSE: RGX, OTCQB: RGXTF) has announced the granting of 5,700,000 stock options to directors, officers, employees, and consultants. The options have an exercise price of $0.05 per share and are valid for five years, subject to vesting provisions. This grant follows the Company's Stock Option Plan approved by shareholders on July 27, 2022.
During 2024, 1,800,000 previously issued options from 2019 expired. The new grant requires final approval from the Canadian Securities Exchange. Regenx operates as a cleantech urban mining company in the United States, specializing in recycling end-of-life diesel catalytic converters to recover precious metals like platinum and palladium.
Positive
- Company maintains ability to incentivize key personnel through equity compensation
Negative
- Potential dilution of 5,700,000 shares at $0.05 per share, significantly below market value
- Net increase of 3,900,000 options in circulation after accounting for expired options
News Market Reaction
On the day this news was published, RGXTF declined 29.58%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
EDMONTON, Alberta, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Regenx Tech Corp. (the "Company" or "Regenx") (CSE: RGX) (OTCQB: RGXTF) announces the Company has granted an aggregate of 5,700,000 stock options to directors, officers, employees, and various consultants of the Company. The options are at an exercise price of
During 2024, 1,800,000 options issued to directors, officers, employees and various consultants in 2019, expired.
The grant of the options has been approved by the Board of Directors and is subject to the final approval of the Canadian Securities Exchange.
About Regenx Tech Corp.
Regenx Tech is a cleantech, urban mining company with operations in the United States. The Company owns an innovative and environmentally friendly proprietary technology that recycles end-of-life diesel catalytic converters for the recovery of precious metals, such as platinum and palladium. For further information visit: 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
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