Regenx Tech Launches Shareholder Rights Offering

Mineworx Technologies Ltd (TSE:RGX) has released an update.

Regenx Tech Corp. has initiated a Rights Offering allowing existing shareholders to purchase additional shares at $0.0075 each, aiming to raise up to $2,966,316 by May 21, 2024. The offering is exclusive to shareholders in eligible jurisdictions, with proceeds planned for capital expenditures and general corporate purposes. The Rights Offering, which could potentially double the current outstanding shares, is pending regulatory and Canadian Securities Exchange approvals.

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