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Regenx

The Future of Precious Metal Recovery.
A new clean technology for recovering precious metals from end of life products.

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Bullboard - Investor Discussion Forum 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... see more

CSE:RGX - Post Discussion

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Post by bailey2 on Sep 16, 2022 7:46am

Maybe?

From September 2022 update-

Iron Bull Mining Update on Share Distribution

An LOI for the sale of the Cehegin iron ore asset with Iron Bull Mining
was announced in January of this year and the sale was finalized in May.
One of the stipulations to the sale was that Iron Bull Mining had to
become a listed public company. It is anticipated that approvals for
listing will be received around the end of September at which time the
Iron Bull Mining shares will be distributed to our shareholders. Until the
listing date is finalized, the date of record cannot be set for the
distribution of shares to shareholders. If the shares were distributed
prior to Iron Bull being publicly listed, then there would be significant
tax and regulatory issues for most shareholders. In addition to this, brokers will not accept delivery of privately held companies into your portfolio.

I realize that eventually we get the shares. Will be interesting to see if the share ratio structure remains the same, and at the 1 dollar valuation......glta

Comment by MustangSalley on Sep 20, 2022 1:15am
How could the share ratio change? MWX has the same # of shares now as back in January. IB has to issue (or maybe they already issued to MWX for safekeeping a fixed number of their shares.) 
Comment by bailey2 on Sep 20, 2022 8:19am
Thinkin maybe the SEC doesn't like IB valuation of 1 dollar per share, for MWX shareholders and then at the same time maybe doing a pp at less than half that value......could they change the ratio of shares to perhaps be closer to the pp valuation, if it is in fact much less? Who knows....just get this right offering all figured out, consolidate, and move forward, finally....glta
Comment by MustangSalley on Sep 21, 2022 10:56am
The exchange has no say in how a company operates after markets collapse or soar, otherwise nothing could ever get listed because some bureaucrat would come up with new calculations of value on a daily basis. Same problem would occur if a company got approval for a financing then the proce changed during the period before the money came in, the exchange doesn't tell the company to reprice it ...more  
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Investment Opportunity

The Future of Precious Metal Recovery

  • New Cleantech recovers over 90% of precious metals from retired catalytic converters
     
  • Plant constructed in modular stages with each having 2.5 tonnes/day of capacity
     
  • 100 million USD in revenue with projected CAPEX payback less than a year
     
  • First commercial facility is currently scaling up production in Tennessee, USA
     


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