Bullboard - Stock Discussion Forum Regenx Tech Corp. RGXTD

Primary Symbol: C.RGX

Metals & Mining Industrial Metals & Minerals

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

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Regenx Tech Corp. > New Press Release - Regenx Announces Rights Offering and Share Consolidation

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Post by PressRelease on Mar 26, 2024 6:00pm

New Press Release - Regenx Announces Rights Offering and Share Consolidation

EDMONTON, Alberta, March 26, 2024 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Corporation" or "Regenx") (CSE: RGX) (OTCQB: RGXT) (FSE: YRS WKN: A2DSW3) announced that it will be offering rights (the "Rights Offering") to holders of its common shares ("Common Shares") of record at the close of...read article.

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Comment by lscfa on Mar 26, 2024 7:16pm

A rights offering at $0.02 would have been do-able. Why $0.0075?. Mgmt bozos.

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Comment by lscfa on Mar 26, 2024 7:21pm

Management of the Corporation expects more than 75% of the Rights to be exercised and therefore expects that the available funds under the Offering will satisfy the Corporation’s anticipated expenses for more than the next 12 months.

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Comment by lscfa on Mar 26, 2024 7:28pm

Mgmt needs to take a pay cut.....

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Comment by lscfa on Mar 26, 2024 8:24pm

Maybe $0.0075 to entice debenture holders to convert at $0.05 and particpate in rights offering. ( $0.0075 + $0.05 ) / 2 = $0.02875 vs. current sh price of $0.025

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Regenx Tech Corp.