17:34:13 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Reg Technologies Inc
Symbol RRE
Shares Issued 49,384,592
Close 2016-11-18 C$ 0.085
Market Cap C$ 4,197,690
Recent Sedar Documents

ORIGINAL: Reg Tech receives TSX-V OK for asset sale to Regi

2017-02-17 21:12 ET - News Release

Received by email:

File: REG TSX.V delisting news release.docx

   Reg Technologies, Inc.
         REGI U.S., INC.

NEWS RELEASE
         TSX.V Approves Assets Sale and Purchase
          February 17, 2017
  
Reg Technologies, Inc. ("RRE.V" and "REGRF")
REGI U.S., Inc. ("RGUS")


The Board of Directors of Reg Technologies Inc. ("Reg Tech") and REGI U.S., Inc. ("REGI") are pleased to announce that
---> the TSX-Venture Exchange ("TSX.V") has approved the sale of all of Reg Tech's assets to REGI in exchange for 50,591,3
--->50 common shares of REGI, as approved by Reg Tech's Special Shareholder Meeting on November 18th, 2016. 

Reg Tech's common shares will be voluntarily delisted from the TSX.V on or about February 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 dividend in kind from Reg Tech following Reg Tech's 
--->delisting.  Process guidelines are further outlined on our web site radmaxtech.com under "Announcements" of "News".

Reg Tech shareholders are reminded of possible taxation issues needing their attention. Guidance updated on December 2
--->1, 2016 can be found on our web site radmaxtech.com, under "News".

This successfully completes another major step in our strategic plan for corporate reorganization and in the revitaliz
--->ation of our Patented RadMax Technology.

ON BEHALF OF THE BOARD OF DIRECTORS

Regi U.S., Inc.  
Paul Chute
President and CEO 

CONTACTS:       
253-514-6114,   pchute@radmaxtech.com
7520 N. Market St. STE # 10
Spokane, WA. 99217-7800





ABOUT REGI U.S., INC.  

RadMax Technologies, Inc., the wholly owned subsidiary of REGI U.S., Inc., is developing for commercialization multipl
--->e improved axial vane type rotary devices using our Patented RadMax(TM) Rotary Technology. This Technology allows for 
--->revolutionary designs of lightweight and high efficiency engines, compressors pumps and other devices. One current pro
--->totype, The RadMax(TM) engine, has only two unique moving parts, the vanes (up to 12) and the rotor, compared to the 4
--->0 moving parts in a simple four-cylinder piston engine. This innovative design makes it possible to produce up to 24 c
--->ontinuous power impulses per one rotation that is vibration-free and extremely quiet. The RadMax(TM) engine also has s
--->everal capabilities allowing it to operate on fuels including gasoline, natural gas, hydrogen, propane and diesel. For
---> more information, please visit radmaxtech.com


READER ADVISORY

Statements in this press release regarding the business of and REGI U.S, Inc. (together the "Companies'") which are no
--->t historical facts are "forward-looking statements" that involve risks and uncertainties, including management's expec
--->tation on closing the second tranche of the private placement, certain of which are beyond the Companies' control. The
--->re can be no assurance that such statements will prove accurate, and actual results and developments are likely to dif
--->fer, in some case materially, from those expressed or implied by the forward-looking statements contained in this pres
--->s release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking stateme
--->nts.

Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be i
--->ncorrect, including, but not limited to: the impact of competitive products and pricing, the Companies' dependence on 
--->third parties and licensing/service supply agreements, and the ability of competitors to license the same technologies
---> as the Companies or develop or license other functionally equivalent technologies; financing requirements; changes in
---> laws, rules and regulations applicable to the Companies and changes in how they are interpreted and enforced, delays 
--->resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from inte
--->rnal and external sources, the impact of general economic conditions in the United States, industry conditions,  incre
--->ased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange, sto
--->ck market volatility and market valuations of companies with respect to announced transactions. The Companies' actual 
--->results, performance or achievements could differ materially from those expressed in, or implied by, these forward-loo
--->king statements, including those described in Regi U.S., Inc.'s  financial statements, management discussion and analy
--->sis and material change reports filed with the United States Securities and Exchange Commission at www.sec.gov, and RE
--->GI's Form 10-KSB annual report filed with the United States Securities and Exchange Commission at www.sec.gov.  Accord
--->ingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire 
--->or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Companies will derive the
--->refrom.
Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements,
---> whether written or oral, attributable to the Companies or persons acting on its behalf are expressly qualified in the
--->ir entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release
---> are made as at the date of this news release and the Companies do not undertake any obligation to update publicly or 
--->to revise any of the included forward-looking statements, whether as a result of new information, future events or oth
--->erwise, except as may be required by applicable securities laws.




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