Bullboard - Stock Discussion Forum ReGen III Corp V.GIII

Alternate Symbol(s): ISRJF

ReGen III Corp. is a Canada-based cleantech company commercializing its ReGen, patented technology to recycle used motor oil (UMO) into high-value Group III base oils. The ReGen technology is designed to produce the highest quantity of high base lubricating oils of any re-refining process. Its ReGen technology, produces a 53% yield of Group III, which is a high yield base lubricating oils in... see more

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TSXV:GIII - Post Discussion

ReGen III Corp > Non Dilutive financing for expansion - USGC facility

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Post by GoldenArm on May 17, 2021 12:33pm

Non Dilutive financing for expansion - USGC facility

The Company's strategic objective is to become the leader in the global re-refined base oils market. Securing an off-take supply agreement for 100% of our USGC Facility's base oils production allows the Company to complete non-dilutive, best-terms financing to meet expansion and market penetration goals. The Company plans to identify a USGC Facility site shortly and move through project financing talks and all other necessary steps to advance the USGC Facility in a timely manner.

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Comment by lscfa on May 17, 2021 12:41pm

AIF on sedar Recent Developments On March 17, 2021, the Company was unofficially informed by EDC that the Senior Credit Facility funds remain intact and available to the Company. EDC also informed the Company that EDC was willing to complete preliminary due diligence to structure a term sheet proposal for the USGC Facility. The Company was notified on April 22, 2021 by EDC that their ...more

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