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 > Financing

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Post by Citadel on Oct 24, 2021 4:29pm

Financing

Spoke to someone at the company this week - financing talks are progressing well, lots of parties at the table and EDC is highly engaged. On the other hand, also speaking with BP frequently and building a strong relationship with the team.

if for whatever reason financing didn't close by year end, the expectation is that BP would just make an amendment to extend the Dec 31 deadline. This is a strategic partnership for them, they wouldn't throw away such a significant opportunity so easily.

TBA board placement potentially on the horizon - I'm speculating someone from BP.

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Comment by TrickyNicky on Oct 25, 2021 8:55am

A bp staff board nomination would be a pretty good indication a financing extension is not a problem ;)

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Comment by Schoener on Oct 25, 2021 9:02am

Keep on dreaming. Why would BP nominate a staff member to the GIII board , while they refrained from confirming publicly that they signed a definitive offtake agreement with GIII.

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ReGen III Corp