Mr. Greg Pendura reports
REGENX ANNOUNCES PRIVATE PLACEMENT OFFERING
Regenx Tech Corp. has arranged a private placement for gross proceeds of up to $1.5-million at five cents per common share. The closing of the offering is subject to all required regulatory approvals, including the acceptance of the Canadian Securities Exchange. The offering is a non-brokered private placement.
The company will not be paying finders' fees in the closing of the private placement.
The company intends to use the proceeds from the offering for general corporate purposes, including general working capital, operating the catalytic converter business and repayment of debt.
About Regenx Tech Corp.
Regenx is positioned for growth in the clean tech sector through the development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. Initial focus is the extraction of platinum and palladium from diesel catalytic converters with its business partner Davis Recycling.
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