Mr. Paul Chute reports
TSX.V APPROVES ASSETS SALE AND PURCHASE
Reg Technologies Inc. (Reg Tech) and Regi U.S. Inc. (Regi) have received TSX Venture Exchange approval for the sale of all of Reg Tech's assets to Regi in exchange for 50,591,350 common shares of Regi, as approved by Reg Tech's shareholders on Nov. 18, 2016.
Reg Tech's common shares will be voluntarily delisted from the TSX-V on or about Feb. 21, 2017. Reg Tech's common shares will also be voluntarily delisted from the OTC.
Reg Tech shareholders of record will receive their Regi shares as a dividend in kind from Reg Tech following Reg Tech's delisting.
Reg Tech shareholders are reminded of possible taxation issues needing their attention.
This completes another major step in the company's strategic plan for corporate reorganization and in the revitalization of its patented RadMax technology.
We seek Safe Harbor.
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