ReGen III Corp (TSE:GIII) has released an update.
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ReGen III Corp has announced a private placement offering of convertible debenture units to raise up to $2 million, with each unit including a debenture and warrants, potentially convertible into common shares. The proceeds are intended to fund the company’s re-refinery engineering, general working capital, and to assess merger and acquisition opportunities. ReGen III is known for its patented technology that transforms used motor oil into environmentally friendlier high-value base oils.
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