An anonymous director reports
REGENX ANNOUNCES NON-BROKERED FINANCING FOR GROSS PROCEEDS OF $469,481
Regenx Tech Corp. has received gross proceeds of $469,481 in a financing of unsecured and non-brokered debentures. The debentures will bear interest at the rate of 15 per cent to 25 per cent per annum. The subscriber will also be issued 500 warrants for each $1,000 debenture. Each warrant allows the subscriber to purchase a common share of the corporation for five cents per share if exercised prior to the expiry date. The corporation can redeem the debentures at any time upon 10 days of prior written notice. The company intends to use the proceeds to support operations and general working capital.
About Regenx Tech Corp.
Regenx Tech is a clean technology, urban mining company that recycles end-of-life diesel catalytic converters using its innovative and environmentally friendly proprietary technology for the recovery of precious metals, such as platinum and palladium.
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