- ReGen III Corp. (GIII) has closed a non-brokered private placement for gross proceeds of approximately $2,440,000
- The company issued a total of 1,435,480 shares at a price of $1.70 per share
- Net proceeds will be used for project engineering, working capital and general corporate purposes
- ReGen III is a cleantech company that is building sustainable green projects
- ReGen III Corp. (GIII) opened trading at C$1.69 per share
ReGen III Corp. (GIII) has closed a non-brokered private placement for gross proceeds of approximately $2,440,000.
The company issued a total of 1,435,480 shares at a price of $1.70 per share. The subscribers consisted primarily of existing shareholders initially introduced to ReGen III by Blue Deer Capital Partners Inc.
ReGen III intends to use the net proceeds for project engineering, due diligence expenses, working capital and general corporate purposes.
The shares issued are subject to a statutory four-month hold period.
ReGen III is a cleantech company that is building sustainable green projects.
ReGen III owns a portfolio of patented technologies that enable used motor oil re-refineries to produce a higher value product mix of base oils than traditional methods, including 55% Group III.
ReGen III Corp. (GIII) opened trading at C$1.69 per share.
