ReGen III arranges $4-million private placement

Executive Summary

• ReGen III Corp. has announced a non-brokered private placement of up to 20 million units at a price of $0.20 per unit, raising gross proceeds of up to $4 million.
• The net proceeds will be utilized for working capital, general corporate purposes, and the repayment of debt.
• Each unit consists of one common share and one-half of one common share purchase warrant, with warrants exercisable at $0.30 per share for three years.

Key Details

• Transaction Structure: Non-brokered private placement.
• Units Offered: Up to 20,000,000 units.
• Price Per Unit: $0.20 CAD.
• Gross Proceeds: Up to $4,000,000 CAD.
• Use of Proceeds: Working capital, general corporate purposes, and repayment of debt.
• Warrant Terms: Each unit includes one-half of one common share purchase warrant.
• Warrant Exercise Price: $0.30 CAD per warrant share.
• Warrant Expiration: Three years from the date of issuance.
• Regulatory Conditions: Closing is subject to receipt of all necessary regulatory approvals, including approval by the TSX Venture Exchange.
• Hold Period: Securities are subject to a statutory four-month hold period.
• Finder's Fees: The company may pay certain finders' fees, subject to compliance with applicable securities laws and exchange rules.

Notable Quotes

• No direct quotes from management were included in the provided text.