Regenx Tech Corp. C.RGX

Alternate Symbol(s): RGXTF

Metals & Mining Industrial Metals & Minerals

Regenx Tech Corp. is a cleantech company. The Company is engaged in the development and commercialization of its processing technologies for the recovery of precious metals. The Company’s initial focus is the extraction of platinum and palladium from diesel catalytic converters. Its technology produces a sustainable PGM concentrate without the need for smelting or mining. It provides an alternative from environmentally harsh smelters to modern technology to recover precious metals. Its products are used in various industries, including electronics, medical, transportation, emissions, jewelry, and pharmaceuticals. The Company’s subsidiaries include Mineworx Technologies Inc., Regenx USA Inc., MWX Espana, S.A.U., and Iron Bull Mining Inc.

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Regenx Tech Corp. > Rights

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Comment by PinkCowon Sep 22, 2022 11:57am

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Post# 34979189

RE:RE:RE:RE:RE:RE:RE:RE:RE:Rights

Thanks. I read the same thing after Eunice kindly pointed out my stupidity and directed me to the formula.

It says you get the lesser of:
1. the number of shares you oversubcribed for; or
2. (Common shares available for oversubscription) * (rights you exercised/total rights exercisded by everone who oversubscribed)

I tried to reverse engineer the denominator but probably messed up somewhere as my math got me the denonminator being about 13 million rights, which seems low.

Anyway, in the account in question, which is the only one where I oversubscribed, I got 90% of what I asked for and got shares equal to 9 times the number of rights I exercised. And I asked for 2 million shares. None of it really matters now. It's all wait and see from here on in.

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