ReGen III Closes Oversubscribed Private Placement
MWN-AI** Summary
ReGen III Corp. (TSXV: GIII), a Vancouver-based clean technology leader focused on upcycling used motor oil (UMO) into high-value Group III base oils, has successfully closed a third and final tranche of its non-brokered private placement, raising $600,000 by issuing 3 million units at $0.20 each. This follows previous offerings, culminating in a total of 20,187,860 units sold for aggregate gross proceeds of over $4 million. CEO Tony Weatherill expressed gratitude to shareholders for their support, highlighting the relevance of ReGen III's products as global supply chains for Group III base oils face tightening conditions, particularly due to regional conflicts impacting Middle Eastern infrastructure.
Each unit comprises one common share and a half warrant, with each warrant allowing the purchase of an additional share at $0.30 for three years. The net proceeds from this offering will be allocated towards working capital, corporate purposes, and debt repayment. Insiders purchased approximately 2.87 million of the units, reflecting their confidence in the company's direction and strategy.
ReGen III is strategically positioned in a market increasingly focused on sustainable practices, leveraging its innovative ReGen™ technology to reduce carbon emissions significantly compared to traditional oil sources. The company's vision includes becoming the leading producer of re-refined Group III base oils, linking the energy transition movement with the digitized economy.
The offering is subject to regulatory approvals, including those from the TSX Venture Exchange. The successful placement indicates strong investor interest in environmentally responsible technologies, particularly amidst current geopolitical uncertainties affecting the oil supply chain. For more information, visit ReGen III's website or contact the company directly.
MWN-AI** Analysis
ReGen III Corp. has successfully closed an oversubscribed private placement, securing $4 million from the issuance of over 20 million Units. This strong capital influx positions ReGen III favorably, especially given the turmoil impacting Middle Eastern energy markets, which has led to heightened prices and volatility in the supply of Group III base oils.
Investors should carefully consider the implications of this funding and the strategic direction highlighted by CEO Tony Weatherill. The increased demand for domestic, sustainable base oils could translate into significant long-term value for the company. Notably, the company's proprietary ReGen™ technology presents substantial competitive advantages in a market that is increasingly prioritizing sustainability and circular economy principles.
The immediate focus on commercializing opportunities suggests a proactive approach in capitalizing on current market trends. For investors, the potential for high returns is accompanied by inherent risks typical in emerging sectors, especially ones dealing with advanced technology and fluctuating global oil markets.
Moreover, insider purchases accounting for over 14% of the offering underscores confidence in the company’s future prospects. While insider participation can be a positive signal, investors should be mindful of the company's classification as a related party transaction, which could warrant closer scrutiny regarding governance practices and potential conflicts of interest.
It’s also essential to acknowledge that ReGen III has employed certain exemptions from formal valuation and minority shareholder approvals under MI 61-101, points that may raise concerns regarding transparency, though they are common in private placements.
In summary, ReGen III Corp. presents an intriguing investment opportunity with its compelling business model and strategic position in the clean-tech space. However, potential investors should weigh the upside of sustainable innovation against the backdrop of market volatility and governance considerations. Keeping an eye on regulatory approvals and ongoing market conditions will also be key.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Vancouver, British Columbia--(Newsfile Corp. - April 1, 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 that, further to its press releases dated March 4, 2026, March 23, 2026, and March 27, 2026, it has closed the third and Final tranche (the "Final Tranche") of its non-brokered private placement (the "Offering"). In connection with the Final Tranche, the Company issued 3,000,000 Units (the "Units") at a price of $0.20 per Unit for aggregate gross proceeds of $600,000. Over the course of closing the three tranches of the Offering, the Company has issued 20,187,860 Units for aggregate gross proceeds of $4,037,572.
Quote from Tony Weatherill, CEO & President of ReGen III
"On behalf of the entire ReGen III team, I want to extend my gratitude to our shareholders for their continued support," stated Tony Weatherill, CEO and President of ReGen III. "With Middle Eastern energy infrastructure severely impacted by regional conflict, global supplies of Group III base oils have tightened dramatically, driving sharp price increases and exposing vulnerabilities in traditional supply chains. This event underscores the growing importance of ReGen III's circular, domestically sourced base oils. With our balance sheet strengthened, our focus is on near-term commercialization opportunities to capture long-term value in a growing and increasingly strategic market."
Private Placement Details
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 Final Tranche will be subject to a statutory four-month hold period ending August 2, 2026.
Concurrent with the closing of the Final Tranche, the Company paid finders' fees of $5,000 in cash, for a total of $80,750 finders' fees related to the Offering. ATB Cormark Capital Markets, Canaccord Genuity Corp., Hampton Securities Limited, Haywood Securities Inc., PowerOne Capital Markets Limited, and Ullman Wealth Management Inc. acted as finders in connection with a portion of the Offering. Wildeboer Dellelce LLP acted as legal counsel to the Company.
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").
Insiders of the Company purchased 2,875,000 Units, representing 14.24% of aggregate Units issued in the Offering, with the associated common shares representing approximately 1.86% of the issued and outstanding common shares following the closing of the Final Tranche. If their associated warrants are then exercised, the aggregate number of common shares held by insiders would represent approximately 2.62% of the then-issued common shares on a partially-diluted basis. The participation by insiders constitutes a "related party transaction" (as such term is defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101")). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company's market capitalization (as determined under MI 61-101).
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/290947
FAQ**
How is ReGen III Corp ISRJF addressing the challenges posed by tightening global supplies of Group III base oils in a competitive market, particularly with respect to their operations in Vancouver, British Columbia?
What specific commercialization opportunities is ReGen III Corp ISRJF targeting in Vancouver to leverage its strengthened balance sheet following the recent private placement?
Considering the ongoing conflict in the Middle East affecting energy supplies, how does ReGen III Corp ISRJF plan to ensure the sustainability and resilience of its supply chain in Vancouver?
What role does ReGen III Corp ISRJF foresee for Vancouver as a hub for the production of sustainable, re-refined Group III base oils, and how does this align with their long-term vision?
**MWN-AI FAQ is based on asking OpenAI questions about ReGen III Corp. (TSXVC: GIII:CC).
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