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Regenx Tech Corp. V.RGX


Primary Symbol: 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

Comment by djstone56on Mar 29, 2023 8:33am
114 Views
Post# 35366477

RE:RE:RE:On target?

RE:RE:RE:On target?You are correct.  The deal for the sale of the Cehegin iron ore asset to the Iron Bull guys, (Cory Hunt and Peter Lacey) was for 20 million Iron Bull shares with a nominal value of $1.00/sh, pending them getting a listing on a Canadian Exchange.  Of the 20 million shares, shareholders were to receive 1 new Iron Bull (Bull Metals) share for every RGX share they held on the date of record, (established by the Company). The remaining approximately 2.7 million IB shares from the sale were going to RGX.  Greg subsequently advised me that the actual number may not be exactly 1 for 20...it could be 1 for 19 and change, but 1 for 20 is close enough for now.  IB doesn't have their listing yet but assuming that happens over the next few days/week, your calculations are correct.  If you still hold your 50,000 RGX shares on the date of record, you should receive 2,500 Iron Bull (Bull Metals) shares as a tax tree distribution.  Hope this helps.
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