Business
ReGen III Grants Options
Vancouver, British Columbia--(Newsfile Corp. - February 6, 2023) - ReGen III Corp. (TSXV: GIII) (...
About this update from Regen Iii Corp
[{"type":"text","content":"ReGen III Grants OptionsVancouver, British Columbia--(Newsfile Corp. - February 6, 2023) - ReGen III Corp. (TSXV: GIII) (OTCQX: ISRJF) (FSE: PN4) (\"ReGen III\" or the \"Company\") has issued 2,000,000 stock options to certain directors of the Company, at an exercise price of $0.77 per option, valid for a period of five years from the date of grant. The options vest 90 days from the date of grant. The options granted replace options that expired unexercised on February 2, 2023.About ReGen IIIReGen III is a cleantech company commercializing disruptive, patented technology to recycle used motor oil (\"UMO\") into high-value Group III base oils. With a focus on creating sustainable solutions that generate better environmental outcomes and compelling economics, the Company's ReGen™ process is expected to reduce CO2e emissions by 82% as compared to virgin crude derived base oils combusted at end of life.In 2021, ReGen III signed a definitive offtake agreement with bp to purchase 100% of the sustainable base oils produced at the company's proposed 5,600 bpd UMO Texas recycling facility. In 2022, ReGen III completed FEL2 for the proposed facility, where world class engineering, construction and licensed vendor teams - including Koch Project Solutions, LLC, PCL Industrial Management Ltd., Koch Modular Process Systems and Duke Technologies - are providing detailed design, construction, commissioning, and start-up services.Operating in an underserved segment of the base oil market, ReGen III aims to become the world's largest producer of sustainable Group III base oil.For more information on ReGen III or to subscribe to the Company's mailing list, please visit: www.regeniii.com/investors/corporate-presentations and www.regeniii.com/newsletter-subscription.On Behalf of the Board of ReGen III Corp.\"Greg Clarkes\"Greg ClarkesChief Executive OfficerFor further information, please contact:Kimberly HedlinVice President, Corporate FinanceTel.: (403) 921-9012Email: [email protected] the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Certain information contained in this news release constitutes \"forward-looking information\" or \"forward-looking statements\" (collectively, \"forward-l...