Regenx Tech receives $469,481 in debenture financing

Executive Summary

• Regenx Tech Corp. completed a non‑brokered financing of unsecured debentures, raising gross proceeds of $469,481.
• The debentures carry interest rates ranging from 15 % to 25 % per annum and are redeemable by the company with ten days’ notice.
• Each $1,000 debenture is accompanied by 500 warrants allowing purchase of common shares at $0.05 per share before expiration; proceeds will be used for operations and general working capital.

Key Details

• Financing Structure: Unsecured, non‑brokered debentures.
• Gross Proceeds: $469,481.
• Interest Rate: 15 % to 25 % per annum (variable within range).
• Warrant Issuance: 500 warrants per $1,000 debenture; each warrant exercisable at $0.05 per common share.
• Redemption Rights: Company may redeem any debenture with ten days’ prior written notice.
• Use of Proceeds: Support ongoing operations and general working capital needs.

Notable Quotes

(No executive quotes provided in the release.)