Financing Announcement: Regenx Tech Secures $469,481 Funding
Regenx Tech Corp Secures Significant Financing
Regenx Tech Corp. is making headlines by successfully securing an unsecured and non-brokered financing deal that will net them gross proceeds of $469,481. This funding comes through a debenture financing arrangement, where the debentures will accrue interest ranging from 15% to 25% annually. A fascinating aspect of this deal is the issuance of 500 warrants for each $1,000 in debentures subscribed. These warrants grant subscribers the option to purchase common shares at a price of $0.05 per share, enhancing the value proposition for investors.
Utilization of Funds for Operations
The proceeds from this financing are earmarked primarily for bolstering operations and managing general working capital. This strategic funding is crucial as the company aims to expand its innovative recycling capabilities in the cleantech sector.
Innovative Recycling Technology
At the heart of Regenx's operations is its proprietary technology, designed to recycle end-of-life diesel catalytic converters. This environmentally friendly method not only aids in waste management but also facilitates the recovery of precious metals like platinum and palladium. The company positions itself at the forefront of urban mining and cleantech, focusing on sustainable practices that benefit both business and the environment.
Company Overview
Regenx Tech is not just a company focused on financial growth; it embodies a commitment to transforming waste into valuable resources. As it continues to navigate challenges and explore opportunities within the recycling industry, the firm remains dedicated to advancing its technological prowess. Their innovative approach helps in the recovery of significant amounts of precious metals, firmly establishing Regenx as a key player in the cleantech space.
Future Prospects and Opportunities
As the global demand for sustainable practices grows, Regenx is poised to capitalize on the increasing need for recycling solutions. This financing marks another step in their journey toward achieving operational excellence and environmental sustainability. Investors are optimistic about Regenx’s growth trajectory and its capacity to respond to market demands effectively.
Contact Information
For more information about Regenx Tech Corp., interested parties can reach out via email at Investors@Regenx.Tech. The company welcomes inquiries from investors eager to learn more about their revolutionary efforts in urban mining and recycling technology.
Frequently Asked Questions
What is the total amount Regenx has secured through this financing?
Regenx has secured a total of $469,481 through non-brokered financing.
What will the funds from the financing be used for?
The funds will be primarily used to support Regenx's operations and general working capital.
What innovative technology does Regenx utilize?
Regenx uses proprietary technology to recycle end-of-life diesel catalytic converters, facilitating the recovery of precious metals.
What are the interest rates associated with the debentures?
The debentures will bear interest at a rate ranging from 15% to 25% per annum.
How can investors reach out to Regenx Tech Corp?
Investors can contact Regenx Tech Corp via email at Investors@Regenx.Tech.
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