Regen iii closes first tranche of oversubscribed and expanded private placement

Vancouver, british columbia--(newsfile corp. - october 24, 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 that it has closed on an over-subscribed initial tranche (the "initial tranche") of its non-brokered private placement (the "placement") announced october 7, 2024, issuing an aggregate of 2,650,000 units (the "units") at a price of $0.20 per unit for aggregate gross proceeds of $530,000. the company plans to extend the placement to accommodate additional orders, subject to the approval of the tsx venture exchange.
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