ReGen III receives subagreements from 97% of holders

Executive Summary

• ReGen III Corp. received settlement and exchange agreements totaling $3.975 million, covering over 97% of debenture holders for its previously announced convertible debenture (CD) exchange.
• The high participation rate signals strong investor confidence in the company’s strategic direction and strengthens its balance sheet.
• The company has filed an application with the TSX Venture Exchange and expects to close the CD exchange immediately after final regulatory approval, enabling accelerated commercialization of its sustainable Group III base oils.

Key Details

• Amount Received: $3,975,000 in sub‑agreements related to the convertible debenture exchange announced on Nov. 6, 2025.
• Participation Rate: Agreements obtained from >97% of debenture holders (nearly 100%).
• Purpose: Strengthen financial position to fund acceleration of commercial-scale production of rerefined Group III base oils.
• Regulatory Step: Application submitted to the TSX Venture Exchange; closing anticipated immediately after final exchange approval.
• CEO Statement: Tony Weatherill highlighted confidence in strategic direction and the company’s plan to accelerate commercialization efforts.

Notable Quotes

“We have now received sub‑agreements from over 97 per cent of debentureholders. The nearly 100‑per‑cent agreement to participate in the CD exchange demonstrates confidence in our strategic direction. With our financial position strengthened, we look forward to accelerating our plans to commercialize sustainable, rerefined Group III base oils.” – Tony Weatherill, CEO & President, ReGen III Corp.