Regenx Tech's Update on Management Cease Trade Order
EDMONTON, Alberta – Regenx Tech Corp. (CSE: RGX, OTCQB: RGXT) provides a detailed update on the status of its management cease trade order, originally granted by the Alberta Securities Commission. This order was issued due to the Corporation's inability to file its annual financial statements by the required deadline.
Current Status and Outlook
The Corporation wishes to assure its stakeholders that there have been no significant changes to the previously disclosed information. Regenx Tech is diligently working with its auditors, DMCL Chartered Professional Accountants, to finalize the necessary financial documentation. Despite the delay, the Corporation anticipates that it will file the required audited financial statements by September 29, 2025.
Commitment to Transparency
Regenx is committed to maintaining transparency during this process. As part of its responsibilities under the alternative information guidelines, the Corporation plans to continue issuing bi-weekly default status reports until the completion of the Annual Filings. This proactive approach is designed to keep all stakeholders informed of its ongoing progress.
Addressing Investor Concerns
It's important for the investors and stakeholders to know that there has not been any new specified default beyond what was initially disclosed in the announcement regarding the financial statements. Moreover, the Corporation is not undergoing any insolvency processes, and there are no undisclosed material facts concerning its operations.
About Regenx Tech
Regenx Tech is recognized as a leader in cleantech innovation, specializing in recycling end-of-life diesel catalytic converters. The firm utilizes an advanced and eco-friendly technology to recover precious metals, including platinum and palladium, contributing to a more sustainable future. Interested parties can find further information on their operations and technological advancements by visiting their official website.
Company Contact Information
If you require additional information or have queries, please reach out to:
Don Weatherbee, CEO
1 866 498 4213
Investors@Regenx.Tech
Frequently Asked Questions
What is the reason for the management cease trade order?
The management cease trade order was issued because Regenx Tech was unable to file its audited annual financial statements by the specified deadline.
What is the current projection for filing the annual financial statements?
Regenx anticipates filing the annual financial statements by September 29, 2025, after working closely with its auditors.
How is Regenx Tech keeping its investors informed?
Regenx intends to provide bi-weekly updates in the form of default status reports until the annual filings are completed.
Is there any risk of insolvency for Regenx Tech?
No, Regenx Tech is currently not undergoing any insolvency proceedings, ensuring financial stability for the time being.
What technologies does Regenx Tech focus on?
Regenx Tech specializes in recycling technologies, particularly for end-of-life diesel catalytic converters, emphasizing precious metal recovery in an environmentally responsible manner.