Welcoming a New Talent to Regenx Tech
Regenx Tech Corp. (CSE: RGX) (OTCQB: RGXTF) has exciting news as it appoints John Kiland to its Board of Directors. His extensive background in the catalytic converter industry is expected to bring considerable benefits to the company as it expands its operations and services.
Kiland has been associated with DPF Alternatives since 2020, a leader in diesel particulate filter cleaning and restoration. With 90 locations throughout North America, DPF is recognized for its dedication to quality, servicing a wide spectrum of vehicle makes and models.
Insights from Leadership
Greg Pendura, the Chairman of the Board, expressed his enthusiasm regarding Kiland’s appointment. He stated, “We are excited to welcome John to the Board of Directors. His extensive experience in the catalytic converter industry will be a valuable asset to Regenx as we continue to grow.” This statement underscores the emphasis on building a powerhouse team focused on innovation and growth.
New Auditor Engagement
Alongside the new board member, Regenx has made a significant change in its auditing process. The company has appointed DMCL Chartered Professional Accountants as its new auditor effective February 4, 2025, replacing the previous auditor, Gallo LLP.
Emily Richardson, CFO of Regenx, mentioned the necessity of this transition due to the previous auditor's decision to limit services to public companies amid increasing regulatory demands. This change signals Regenx’s commitment to maintaining strong financial oversight while adapting to industry shifts.
Key Administrative Changes
With the arrival of the new auditor, Regenx is also shifting its fiscal year-end to March 31. This change aligns with CPA Alberta regulations and promises to improve financial reporting timelines.
This leads to updated deadlines for financial disclosures:
- The Q4 2024 interim financial statements are due on or before March 3, 2025, adhering to SEDAR deadlines.
- The audited 15-month financial statements will be published on or before July 29, 2025.
About Regenx Tech Corp.
Regenx Tech stands as a pioneer in the cleantech and urban mining sectors. The company utilizes a proprietary technology to recycle end-of-life diesel catalytic converters, focusing on the sustainable recovery of precious metals like platinum and palladium. This approach not only supports environmental sustainability but also aligns with the growing demand for recycled materials in various industries.
Looking Ahead
Regenx Tech continues to evolve, with strategic decisions guiding its future. The combination of new leadership and an updated auditing framework is expected to bolster the company’s operational stability and market presence.
Frequently Asked Questions
Who is the new board member at Regenx Tech?
The new board member is John Kiland, who brings significant experience in the catalytic converter industry.
What prompted the change in auditors for Regenx Tech?
The previous auditor, Gallo LLP, chose to cease auditing publicly listed companies due to rising regulatory requirements.
When will the financial statements be released?
The Q4 2024 interim financial statements will be released on or before March 3, 2025, and the audited statements will follow by July 29, 2025.
What does Regenx Tech specialize in?
Regenx Tech focuses on recycling end-of-life diesel catalytic converters, employing environmentally friendly technology to recover precious metals.
How many locations does DPF Alternatives have?
DPF Alternatives operates 90 locations across North America, highlighting its leadership in diesel particulate filter restoration.
