Regenx Tech Corp Enhances Leadership with New Board Appointment
Regenx Tech Corp., a pioneering company focused on cleantech and urban mining, has recently welcomed John Kiland to its Board of Directors. This notable addition to the team is expected to bolster the company's strategic direction.
Experience and Background of John Kiland
John Kiland comes with a wealth of experience in the catalytic converter industry. He has been associated with DPF Alternatives since 2020, a company recognized for its leadership in diesel particulate filter cleaning and restoration. His expertise in this sector is poised to contribute significantly to Regenx's ongoing growth and innovation.
Greg Pendura’s Reflection on the Appointment
Greg Pendura, the Chairman of the Board, expressed excitement about Kiland's appointment. He highlighted how Kiland’s background aligns with Regenx’s mission and vision, noting that Kiland's extensive industry knowledge will be invaluable as the company expands its operations.
Stock Options for New Board Member
As part of the onboarding process, Kiland will receive 300,000 stock options with an exercise price set at $0.05. These options will vest immediately and provide Kiland with a five-year window to exercise them, aligning his interests with the company's strategic goals.
Changes in Auditors and Financial Year-End
In addition to the new board member announcement, Regenx Tech has appointed DMCL Chartered Professional Accountants as its new auditor, replacing the previous firm, Gallo LLP. This change, effective February 2025, comes following the resignation of Gallo due to their decision to stop auditing publicly traded companies.
Reasons Behind the Auditor Change
Emily Richardson, the Chief Financial Officer, stated this transition was necessary considering the escalating regulatory standards that small and mid-sized accounting firms now face. This proactive approach ensures Regenx maintains compliance and integrity in its financial reporting.
Fiscal Year-End Adjustment
Alongside the auditor change, Regenx Tech will alter its fiscal year-end to March 31. This adjustment addresses CPA Alberta regulations and streamlines the company's financial reporting processes. Consequently, the Q4 2024 interim financial results will be published by March 3, 2025.
Looking Ahead to Financial Statements
The newly audited financial statements covering the 15-month period ending March 31, 2025, are set to be made available by July 29, 2025. These statements are crucial for stakeholders to assess the company’s financial health and operational growth during this timeframe.
About Regenx Tech Corp
Regenx Tech Corp. focuses on recycling end-of-life diesel catalytic converters using innovative technologies aimed at recovering precious metals like platinum and palladium. This eco-friendly approach not only contributes to environmental sustainability but also opens new avenues for resource recovery in the cleantech sector.
Commitment to Innovation and Sustainability
Regenx's proprietary techniques underline its commitment to sustainability and innovation within the recycling industry. The company is poised to make a significant impact through environmentally responsible practices that lead toward a greener future.
Frequently Asked Questions
Who is the new board member of Regenx Tech?
The new board member is John Kiland, who has extensive experience in the catalytic converter industry.
What changes have been made regarding auditors at Regenx Tech?
DMCL Chartered Professional Accountants has been appointed as the new auditor, succeeding Gallo LLP.
When will Regenx Tech release its financial statements?
The interim financial statements for Q4 2024 are expected to be released by March 3, 2025.
What is the fiscal year-end date for Regenx Tech now?
Regenx Tech has changed its fiscal year-end to March 31.
What industry does Regenx Tech operate in?
Regenx Tech operates in the cleantech sector, focusing on recycling end-of-life diesel catalytic converters.
