ReGen III Closes Second Tranche of Private Placement
MWN-AI** Summary
ReGen III Corp. has successfully closed the second tranche of its non-brokered private placement, raising a total of $1.53 million by issuing 7,650,000 units at a price of $0.20 per unit. This second tranche, along with the initial tranche completed earlier, totals 17,187,860 units issued and aggregate gross proceeds of approximately $3.44 million. The company anticipates completing a third tranche to reach a target of $4 million by April 1, 2026.
Each unit consists of one common share and one-half of a common share purchase warrant, the latter of which allows holders to purchase additional shares at an exercise price of $0.30 for a three-year period. A four-month statutory hold period applies to the shares issued in the second tranche, concluding on July 28, 2026.
Additionally, insider participation accounted for 2,875,000 units in this tranche, regarded as a related party transaction under Multilateral Instrument 61-101. The company relied on exemptions from formal valuation and minority shareholder approval provisions due to the transaction's size relative to its market capitalization.
The net proceeds from this offering will primarily support working capital, general corporate purposes, and debt repayment. It is subject to necessary regulatory approvals, including final endorsement from the TSX Venture Exchange.
ReGen III is pioneering the upcycling of used motor oil into high-value Group III base oils, essential for high-performance engines and turbines, with a commitment to reducing carbon emissions. The company aims to become the leading producer of sustainable lubricants, aligning its operations with the ongoing energy transition.
For further details, visit ReGen III's website or contact their investor relations.
MWN-AI** Analysis
**Market Analysis and Advice on ReGen III Corp. Private Placement**
ReGen III Corp. (TSXV: GIII, OTCQB: ISRJF, FSE: PN4) recently announced the successful closure of its second tranche of a non-brokered private placement, raising a substantial $1.53 million to enhance its business operations. With a total of approximately $3.44 million raised across both tranches, the company is positioning itself strongly within the competitive clean technology space, particularly in the upcycling of used motor oil into high-value base oils.
Investors should note the company’s clear intention to use the proceeds for working capital and debt repayment, which speaks to a focus on operational efficiency and financial stability. Importantly, insider subscriptions accounted for a significant portion of the offering, signaling confidence from company leadership in ReGen III’s future prospects. This insider investment could suggest that current valuation levels may present a buying opportunity for external investors.
Moreover, as ReGen III aims to become a leading producer of sustainable Group III base oils, it is well-positioned at the converging paths of the energy transition and technological advancement. The emphasis on reducing carbon emissions (reportedly up to 82% lower than virgin crude oils) aligns with broader environmental objectives, suggesting that the firm might attract not only traditional investors but also those interested in ESG (Environment, Social, and Governance) investments.
Looking forward, investors should closely monitor the planned third tranche, anticipated to close imminently, as successful completion can bolster market confidence. However, due diligence is warranted, particularly regarding the company's ability to sustainably scale operations in a competitive market, coupled with potential regulatory risks concerning its operational context.
In summary, ReGen III presents a compelling investment opportunity, yet strategic management and market conditions will be critical in determining future performance. Investors should consider establishing positions, particularly in light of the company’s insider confidence and market positioning, but proceed with caution regarding potential risks and uncertainties ahead.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Vancouver, British Columbia--(Newsfile Corp. - March 27, 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 and March 23, 2026, it has closed the second tranche (the "Second Tranche") of its non-brokered private placement (the "Offering"). In connection with the Second Tranche, the Company issued 7,650,000 Units (the "Units") at a price of $0.20 per Unit for aggregate gross proceeds of $1,530,000.
In combination with the Initial Tranche, the Company has issued a total of 17,187,860 Units for aggregate gross proceeds of $3,437,572. The Company now expects to close a third and final tranche of the Offering for the previously announced total gross proceeds of $4M, on or before April 1, 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 Second Tranche will be subject to a statutory four-month hold period ending July 28, 2026.
Concurrent with the closing of the Second Tranche, the Company paid aggregate finders' fees of $47,750 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 Second Tranche included subscriptions by insiders of the Company to purchase an aggregate of 2,875,000 Units, which 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/290283
FAQ**
How has ReGen III Corp (ISRJF) established its presence in Vancouver's clean technology sector, and what are its competitive advantages in upcycling used motor oil?
What role does the Vancouver market play in the strategic expansion plans of ReGen III Corp, particularly in relation to its goal of becoming a leading producer of sustainable lubricants?
How are local regulations and policies in Vancouver impacting ReGen III Corp's ability to operate and grow within the clean technology space, particularly for upcycling used motor oil?
What collaborations or partnerships has ReGen III Corp formed in Vancouver to enhance its technology and market reach for its sustainable products?
**MWN-AI FAQ is based on asking OpenAI questions about ReGen III Corp. (TSXVC: GIII:CC).
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