ReGen III Announces Non-Brokered Private Placement of up to $4 Million

Executive Summary

• ReGen III Corp. announced the launch of a non‑brokered private placement for up to 20 million units at $0.20 per unit, targeting gross proceeds of up to $4 million.
• Each unit consists of one common share and half of a common‑share purchase warrant; warrants allow purchase of additional shares at $0.30 for three years.
• Net proceeds are earmarked for working capital, general corporate purposes, and repayment of existing debt.

Key Details

• Offering Size: Up to 20,000,000 units (each = 1 common share + ½ warrant).
• Price per Unit: $0.20 → Gross Proceeds Target: up to $4,000,000.
• Warrant Terms: One‑half warrant per unit; each whole warrant gives the holder the right to buy one additional share at an exercise price of $0.30 per share, exercisable for three (3) years from issuance.
• Use of Proceeds: Working capital, general corporate purposes, and repayment of debt.
• Closing Conditions: Subject to receipt of all required regulatory approvals, including TSX Venture Exchange approval; securities subject to a statutory four‑month hold period.
• Finder’s Fees: Company may pay certain finder's fees in compliance with applicable securities laws and exchange rules.
• U.S. Offering Restrictions: Securities not registered under the U.S. Securities Act; not offered or sold in the United States or to U.S. persons except via exemption.

Notable Quotes

(No executive quotes were provided in the release.)