An anonymous director reports
REGENX ANNOUNCES NON-BROKERED FINANCING FOR GROSS PROCEEDS OF $679,032
Regenx Tech Corp. has received unsecured and non-brokered financing for gross proceeds of $679,032 in a debenture financing. The debentures will bear interest at the rate of 15 per cent to 25 per cent per annum. The subscriber will also be issued 500 warrants for each $1,000 debenture. Each warrant allows the subscriber to purchase a common share of the corporation for five cents per share if exercised prior to the expiry date of Dec. 31, 2025. The corporation can redeem the debentures at any time upon 10 days prior written notice. The company intends to use the proceeds to support operations and for general working capital.
About Regenx Tech Corp.
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.
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