REGEN III CORP. ("GIII")
BULLETIN TYPE: Prospectus-Share Offering
BULLETIN DATE: June 18, 2021May 11, 2001
TSX Venture Tier 2 Company
Effective June 17, 2021 the Company's Short Form Prospectus, dated June 17, 2021, was filed with and accepted by TSX Venture Exchange and filed with and receipted by the British Columbia, Ontario and Alberta Securities Commissions, pursuant to the provisions of the British Columbia, Ontario and Alberta Securities Acts.
TSX Venture Exchange has been advised that closing of the offering will occur on June 22, 2021 for gross proceeds of $11,500,000 (including the overallotment option described below).
| Offering: | 8,000,000 shares |
| Share Price: | $ 1.25 per share |
| Underwriters: | Paradigm Capital Inc., Canaccord Genuity Corp., Haywood Securities Inc., and
Cormark Securities Inc. |
| Underwriting Fee: | Cash commission equal to 6.0% of the gross proceeds of the offering and non-transferable compensation options ("Compensation Options") equal to 6.0% of the number of shares sold pursuant to the offering. Each Compensation Option is exercisable at $1.25 per share for a period of 24 months from the closing date.
Notwithstanding the foregoing, a reduced underwriters' fee of 3.0% in cash and 3.0% in Compensation Options is payable in respect of up to 1,500,000 shares which may be sold to certain purchasers designated by the Company to be on its president's list. |
| Overallotment Option: | 1,200,000 shares at $1.25 per share, representing 15% of the aggregate number
of shares offered under the prospectus and granted to cover the Underwriters'
over-allocation position and for market stabilization purposes. |
| For further information, please refer to the Company's Prospectus dated June 17, 2021 available on SEDAR. |