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Regenx Tech Corp. C.RGX

Alternate Symbol(s):  RGXTF

Regenx Tech Corp. is a Canada-based company, which is engaged in development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. It has two operating segments, exploration, and development of mineral properties in Spain and mineral extraction through use of its equipment in North America. It is focused on the extraction of platinum and palladium from diesel catalytic converters. It provides an alternative from environmentally harsh smelters to modern technology to recover the precious metals. Its industries using catalytic converters include generators, industrial, automotive, light trucks, commercial vehicles, and heavy equipment. The Company’s subsidiaries include SME Resources Ltd., Mineworx Technologies Inc., Regenx USA Inc., and MWX Espana, S.A.U.


CSE:RGX - Post by User

Post by bailey2on May 08, 2021 8:26am
282 Views
Post# 33159304

Options and rights

Options and rightsFrom what I can make out on the latest sedar filings management certainly participated in the pain of the rights offering and share consolidation. Not only did they have to fork out money to maintain their share counts by purchasing rights, they also had their outstanding options consoilidate on the same 1 for 2 basis.  As for the pricing of the new options, the share price was almost 10 cents in January and opened at around 10 cents after the consolidation. The last options that expired were somewhere around 10 cents. As for awarding options, there is no specifice date. It is at the discretion of the board. At 7.5 cents they pretty much replace the 10 cents options that expired in Sept and Dec. So in my dopey mind, they could have waited.  On another note, would have been nice to see the latest news, on media platforms, other than twitter and an email. But, very good news, indeed. glta
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