ReGen III Closes First Tranche of Private Placement
MWN-AI** Summary
ReGen III Corp. (TSXV: GIII), a pioneering clean technology firm focused on the upcycling of used motor oil (UMO) into premium Group III base oils, has successfully closed the first tranche of its non-brokered private placement, generating gross proceeds of approximately $1.91 million. The Initial Tranche involved the issuance of 9,537,860 units at a price of $0.20 each. Each unit provides investors with one common share and one-half of a common share purchase warrant, exercisable at $0.30 per share for three years.
The company plans to conduct a second and final tranche of the offering by March 27, 2026, aiming to achieve a total gross amount of $4 million for the entire offering. Proceeds will be allocated toward general working capital, corporate purposes, and debt repayment. The securities issued in the Initial Tranche will be subject to a four-month hold period, ending July 24, 2026.
Concurrent with this funding round, ReGen III paid finder’s fees totaling $28,000. The company underscores that the private placement securities have not been, and will not be, registered under the U.S. Securities Act of 1933, limiting their sale to U.S. persons unless exemption criteria are met.
ReGen III utilises patented ReGen™ technology aimed at transforming UMO into high-quality base oils, crucial for various applications including high-performance engines and industrial uses. The process promises a significant reduction in carbon emissions compared to traditional oil production methods. Positioned to lead in the sustainable oil sector, ReGen III aligns with the transition to greener energy solutions. For more information, visit their website at www.regeniii.com.
MWN-AI** Analysis
ReGen III Corp. recently announced the successful closing of the first tranche of its non-brokered private placement, raising approximately $1.9 million through the issuance of 9,537,860 units priced at $0.20 per unit. This development provides insight into the company's financial positioning and growth prospects within the burgeoning clean technology market, particularly in the upcycling of used motor oil (UMO) into high-value Group III base oils.
The completion of the Initial Tranche not only strengthens ReGen III's balance sheet but also emphasizes investor confidence in the company's innovative "ReGen™" technology, which holds the potential to significantly reduce carbon emissions in the lubricant industry. Investors should consider that the targeted total gross proceeds of $4 million from the entire offering will further enhance the company's capabilities—helping to fund working capital, general corporate purposes, and debt repayment.
From a market standpoint, ReGen III presents a compelling opportunity. The increasing global emphasis on sustainability and the circular economy positions companies like ReGen III favorably among investors who are focused on ESG (Environmental, Social, and Governance) criteria. The company's goal to become a leading producer of sustainable, re-refined Group III base oils places it at the intersection of energy transition and innovative industrial applications.
However, potential investors should be mindful of the statutory four-month hold period on the newly issued securities, which contributes to liquidity risks in the short term. Apart from that, the company's forward-looking statements suggest ambitions that may be subject to market volatility and regulatory approvals.
In summary, ReGen III is moving in the right direction, bolstered by a successful financing round and an innovative product offering. Market participants should maintain a watchful eye on upcoming developments, particularly the closing of the final tranche and subsequent operational advancements. Investors looking to participate in sustainable technologies may find ReGen III a relevant candidate for their portfolios.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Vancouver, British Columbia--(Newsfile Corp. - March 23, 2026) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) ("ReGen III" or the "Company"), a leading clean technology company specializing in the upcycling of used motor oil ("UMO") into high-value Group III base oils, is pleased to announce it has closed the first tranche (the "Initial Tranche") of its non-brokered private placement (the "Offering") announced March 4, 2026. In connection with the Initial Tranche, the Company has issued 9,537,860 Units (the "Units") at a price of $0.20 per Unit for aggregate gross proceeds of $1,907,572.00. The Company will close the second and final tranche of the Offering for the previously announced total gross proceeds of $4M, on or before March 27, 2026.
Each Unit consists of one common share in the capital of the Company (a "Share") and one-half of one common share purchase warrant (each whole warrant a "Warrant"). Each Warrant entitles the holder to purchase an additional Share (a "Warrant Share") at an exercise price of $0.30 per Warrant Share for a period of three (3) years from the date of issuance. All securities issued in the Initial Tranche will be subject to a statutory four-month hold period expiring July 24, 2026.
Concurrent with the closing of the Initial Tranche, the Company paid aggregate finders' fees of $28,000 in cash. The net proceeds from the Offering are intended to be used for working capital, general corporate purposes and the repayment of debt. The closing of the Offering is subject to receipt of all necessary regulatory approvals, including final approval by the TSX Venture Exchange (the "Exchange").
The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act), except pursuant to an exemption from the registration requirements of those laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction other than as specified herein including the United States, or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the 1933 Act).
About ReGen III
ReGen III Corp. is driving a new era in high-performance, sustainable lubricants. Harnessing its patented ReGen™ technology, the Company is commercializing an advanced process to transform used motor oil ("UMO") into premium Group II and III base oils. These high-quality base oils are essential to high performance engines, turbines, industrial applications, and emerging applications such as data center dielectric fluids. As a circular technology, the ReGen™ process is designed to deliver up to 82% lower CO?e emissions than virgin crude derived oils combusted at end of life.
With the vision of becoming the world's largest producer of sustainable, re-refined Group III base oils, ReGen III is positioning itself at the intersection of the energy transition and the data-driven economy, through the production of circular, domestically sourced Group III base oils.
For more information on ReGen III or to subscribe to the Company's mailing list, please visit www.regeniii.com.
For further information, please contact:
Investor & Media inquiries:
Email: investors@regeniii.com
Corporate Inquiries:
Kimberly Hedlin
Vice President, Corporate Finance
Tel: (403) 921-9012
Email: info@regeniii.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information other than statements of historical facts contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the Company's business plans, expectations, capital costs and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information. Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Management's Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedarplus.ca under the Company's profile and on the Company's website, www.ReGenIII.com. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Not for distribution to United States newswire services or for dissemination in the United States
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289643
FAQ**
How is ReGen III Corp ISRJF contributing to the clean technology sector in Vancouver, BC, particularly through its patented ReGen™ process for upcycling used motor oil into high-value base oils?
What regulatory challenges might ReGen III Corp ISRJF face in Vancouver during the approval process for its private placement and overall operations in the clean tech industry?
In what ways could the success of ReGen III Corp ISRJF's financing initiatives impact the investment landscape for clean technology companies in Vancouver, British Columbia?
How does ReGen III Corp ISRJF's business model align with the sustainability goals set by local and provincial governments in Vancouver, and what opportunities could arise from this alignment?
**MWN-AI FAQ is based on asking OpenAI questions about ReGen III Corp. (TSXVC: GIII:CC).
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