Regenx Announces Closing of Private Placement

EDMONTON, Alberta, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Company" or "Regenx") (CSE: RGX) (OTCQB: RGXTF) (FSE: YRS WKN:A2DSW3) has closed the previously announced financing for gross proceeds of $1,556,222. The closing of the offering is subject to all required regulatory approvals, including the acceptance of the Canadian Securities Exchange.

The offering is a non-brokered private placement for the purchase of common shares ("Common Share") at a price of $0.05 per Common Share.

The Company will not be paying finder's fees at the closing of the private placement.

The Company intends to use the proceeds from the offering for general corporate purposes including general working capital, operating the Catalytic Converter business, and repayment of debt.

The Common Shares to be issued under the offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to a U.S. Persons absent registration or an applicable exemption from the registration.

This news release is not an offer or a solicitation of an offer of securities for sale in the United States, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Regenx Tech Corp

Regenx is positioned for growth in the Clean Tech sector through the development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. Initial focus is the extraction of platinum and palladium from diesel catalytic converters with its business partner Davis Recycling. For further information visit www.regenx.tech

For further information contact

Regenx Tech Corp.
Greg Pendura
President & CEO 780-800-0726
[email protected]

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

About Regenx Tech Corp

Regenx is positioned for growth in the Clean Tech sector through the development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. Initial focus is the extraction of platinum and palladium from diesel catalytic converters with its business partner Davis Recycling. For further information visit www.regenx.tech  

For further information contact

Regenx Tech Corp.
Greg Pendura
President & CEO 780-800-0726
[email protected]

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.