Regenx Amends Debenture Terms and Announces Non-Brokered Financing for Gross Proceeds of $555,664
Regenx Tech Corp. (OTCQB: RGXTF) has announced two key financial updates: an amendment to its existing debentures and a new non-brokered financing. The company is modifying its outstanding debentures due July 1, 2025, with a principal amount of $2,113,830, extending the maturity date to July 1, 2026, maintaining the 15% interest rate, and reducing the conversion price to $0.05 per share.
Additionally, Regenx has secured $555,664 in new unsecured, non-brokered debenture financing with interest rates ranging from 15-25% per annum. Both debenture arrangements include the issuance of 500 warrants per $1,000 debenture, exercisable at $0.05 per share. The company plans to use the proceeds for operations and working capital.
Regenx Tech operates as a cleantech urban mining company, specializing in recycling end-of-life diesel catalytic converters to recover precious metals like platinum and palladium using proprietary environmentally friendly technology.
Regenx Tech Corp. (OTCQB: RGXTF) ha annunciato due aggiornamenti finanziari importanti: una modifica ai suoi debentures esistenti e un nuovo finanziamento non mediato da broker. La societ脿 sta modificando i debentures in scadenza il 1掳 luglio 2025, con un importo principale di 2.113.830 $, estendendo la data di scadenza al 1掳 luglio 2026, mantenendo il tasso d'interesse al 15% e riducendo il prezzo di conversione a 0,05 $ per azione.
Inoltre, Regenx ha ottenuto un nuovo finanziamento non garantito e non mediato da broker di 555.664 $, con tassi d'interesse variabili dal 15% al 25% annuo. Entrambi i debentures prevedono l'emissione di 500 warrant ogni 1.000 $ di debenture, esercitabili a 0,05 $ per azione. La societ脿 intende utilizzare i fondi per le operazioni e il capitale circolante.
Regenx Tech opera come azienda cleantech nel settore dell'urban mining, specializzata nel riciclo di convertitori catalitici diesel a fine vita per recuperare metalli preziosi come platino e palladio, utilizzando una tecnologia proprietaria ecocompatibile.
Regenx Tech Corp. (OTCQB: RGXTF) ha anunciado dos actualizaciones financieras clave: una enmienda a sus debentures existentes y un nuevo financiamiento sin intermediarios. La empresa est谩 modificando sus debentures pendientes con vencimiento el 1 de julio de 2025, por un monto principal de 2.113.830 $, extendiendo la fecha de vencimiento al 1 de julio de 2026, manteniendo la tasa de inter茅s del 15% y reduciendo el precio de conversi贸n a 0,05 $ por acci贸n.
Adem谩s, Regenx ha asegurado un nuevo financiamiento no garantizado y sin intermediarios por 555.664 $, con tasas de inter茅s que var铆an entre el 15% y el 25% anual. Ambos debentures incluyen la emisi贸n de 500 warrants por cada 1.000 $ de debenture, ejercitables a 0,05 $ por acci贸n. La compa帽铆a planea usar los fondos para operaciones y capital de trabajo.
Regenx Tech opera como una empresa cleantech de miner铆a urbana, especializada en el reciclaje de convertidores catal铆ticos di茅sel al final de su vida 煤til para recuperar metales preciosos como platino y paladio, utilizando tecnolog铆a propia y respetuosa con el medio ambiente.
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Regenx Tech電� 韥措Π韰岉伂 霃勳嫓 甏戩偘 須岇偓搿滌劀, 霃呾瀽鞝侅澑 旃滍櫂瓴� 旮办垹鞚� 頇滌毄頃� 靾橂獏鞚� 雼ろ暅 霐旍牑 齑夒Г 氤�頇橁赴毳� 鞛櫆鞖╉晿鞐� 氚标笀瓿� 韺旊澕霌� 臧欖潃 攴�旮堨啀鞚� 須岇垬頃橂姅 雿� 鞝勲頇旊悩鞏� 鞛堨姷雼堧嫟.
Regenx Tech Corp. (OTCQB : RGXTF) a annonc茅 deux mises 脿 jour financi猫res cl茅s : une modification de ses d茅bentures existants et un nouveau financement sans courtier. La soci茅t茅 modifie ses d茅bentures en circulation arrivant 脿 茅ch茅ance le 1er juillet 2025, pour un montant principal de 2 113 830 $, prolongeant la date d'茅ch茅ance au 1er juillet 2026, maintenant le taux d'int茅r锚t 脿 15 % et r茅duisant le prix de conversion 脿 0,05 $ par action.
De plus, Regenx a obtenu un nouveau financement non garanti et sans courtier de 555 664 $, avec des taux d'int茅r锚t allant de 15 脿 25 % par an. Les deux arrangements de d茅bentures incluent l'茅mission de 500 bons de souscription pour chaque tranche de 1 000 $ de d茅bentures, exer莽ables 脿 0,05 $ par action. La soci茅t茅 pr茅voit d'utiliser les fonds pour ses op茅rations et son fonds de roulement.
Regenx Tech op猫re en tant qu'entreprise cleantech sp茅cialis茅e dans l'urban mining, sp茅cialis茅e dans le recyclage des convertisseurs catalytiques diesel en fin de vie pour r茅cup茅rer des m茅taux pr茅cieux tels que le platine et le palladium gr芒ce 脿 une technologie propri茅taire respectueuse de l'environnement.
Regenx Tech Corp. (OTCQB: RGXTF) hat zwei wichtige finanzielle Neuigkeiten bekannt gegeben: eine 脛nderung seiner bestehenden Schuldverschreibungen und eine neue nicht vermittelte Finanzierung. Das Unternehmen 盲ndert seine ausstehenden Schuldverschreibungen mit F盲lligkeit am 1. Juli 2025 und einem Nennbetrag von 2.113.830 $, verl盲ngert das F盲lligkeitsdatum auf den 1. Juli 2026, beh盲lt den Zinssatz von 15 % bei und senkt den Wandlungspreis auf 0,05 $ pro Aktie.
Zus盲tzlich hat Regenx eine neue unbesicherte, nicht vermittelte Schuldverschreibungsfinanzierung in H枚he von 555.664 $ mit Zinss盲tzen zwischen 15 und 25 % pro Jahr gesichert. Beide Schuldverschreibungen beinhalten die Ausgabe von 500 Warrants pro 1.000 $ Schuldverschreibung, aus眉bbar zu 0,05 $ pro Aktie. Das Unternehmen plant, die Erl枚se f眉r den Betrieb und das Working Capital zu verwenden.
Regenx Tech ist ein Cleantech-Unternehmen im Bereich Urban Mining und spezialisiert auf das Recycling von Diesel-Katalysatoren am Ende ihrer Lebensdauer, um Edelmetalle wie Platin und Palladium mit propriet盲rer umweltfreundlicher Technologie zur眉ckzugewinnen.
- Extension of debenture maturity date by one year provides improved financial flexibility
- Secured additional $555,664 in new financing for working capital
- Maintained existing 15% interest rate on amended debentures without increase
- High interest rates of 15-25% on new debenture financing indicate expensive debt
- Reduction in conversion price to $0.05 suggests potential future dilution
- Need for additional financing may indicate cash flow challenges
EDMONTON, Alberta, June 30, 2025 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Company" or "Regenx") (CSE: RGX) (OTCQB: RGXTF) (FSE: YRS WKN: A2DSW3) announces a strategic update to its outstanding debentures, aimed at enhancing financial flexibility and supporting future growth. The Company is amending the terms of its outstanding debentures due July 1, 2025, in the aggregate principal amount of
- The maturity date has been extended to July 1, 2026.
- The interest rate remains stable at
15% . - The conversion price is reduced to
$0.05 per share. - Additionally, the Company will issue new bonus warrants: 500 warrants will be issued for every outstanding
$1,000 principal amount of the debenture, exercisable at$0.05 per share until July 1, 2026.
Emily Richardson, Chief Financial Officer of Regenx commented: 鈥淭his strategic adjustment underscores our commitment to maintaining a solid financial foundation while minimizing costs. By raising only the minimal viable funding required, we aim to optimize liquidity, reduce interest and administrative expenses, and position ourselves for efficient growth until operational commencement.鈥�
Regenx also announces that it has received unsecured and non-brokered financing for gross proceeds of
Regenx continues to focus on building long-term value for shareholders through prudent financial management and strategic planning.
About Regenx
Regenx Tech is a cleantech, urban mining company that recycles end-of-life diesel catalytic converters using its innovative and environmentally friendly proprietary technology for the recovery of precious metals, such as platinum and palladium. Learn more at www.regenx.tech.
For further information contact:
REGENX TECH CORP. 鈥�
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information: This news release contains 鈥渇orward-looking information鈥� within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information regarding: the business of the Company, including future plans and objectives, and the debentures. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects Regenx鈥檚 current beliefs and is based on information currently available to Regenx and on assumptions Regenx believes are reasonable. These assumptions include, but are not limited to: the underlying value of Regenx and its common shares, Regenx鈥檚 current and initial understanding and analysis of its projects and the development required for such projects; the costs of Regenx鈥檚 projects; Regenx鈥檚 general and administrative costs remaining constant; and the market acceptance of Regenx鈥檚 business strategy. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Regenx to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; industry condition; volatility of commodity prices; environmental risks; operational risks; general capital market conditions and market prices for securities; delay or failure to receive board or regulatory approvals; the actual results of future operations; competition; changes in legislation, including environmental legislation, 鈥巃ffecting Regenx; the timing and availability of external financing on acceptable terms; and lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in Regenx鈥檚 disclosure documents on the SEDAR+ website at www.sedarplus.ca. Although Regenx has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Regenx as of the date of this news release and, accordingly, is subject to change after such date. However, Regenx expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
FAQ
What are the new terms for Regenx Tech's (RGXTF) amended debentures?
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