Regen iii announces closing of initial tranche of convertible debenture offering

Vancouver, british columbia--(newsfile corp. - may 31, 2024) - regen iii corp. (tsxv: giii) (otcqb: isrjf) (fse: pn4) ("regen iii" or the "company"), a leading clean technology company commercializing the patented regen™ process to upcycle used motor oil ("umo") into high-value group iii base oils, is pleased to announce the closing of an initial tranche of 775 convertible debenture units (the "units") at a price of cad$1,000 per unit for aggregate gross proceeds of cad$775,000, pursuant to its non-brokered private placement (the "placement") announced on april 30, 2024 for up to cad$2,000,000 of units. each unit consists of cad$1,000 in principal amount of unsecured convertible debenture (a "debenture") and 1,000 common share purchase warrants (a "warrant").
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