Business
ReGen III: Investor Outreach for Texas City Capital Raise Commences
Vancouver, British Columbia--(Newsfile Corp. - June 29, 2023) - ReGen III Corp. (TSXV: GIII) (OT...
About this update from Regen Iii Corp
[{"type":"text","content":"ReGen III: Investor Outreach for Texas City Capital Raise CommencesVancouver, British Columbia--(Newsfile Corp. - June 29, 2023) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) (\"ReGen III\" or the \"Company\"), a leading clean technology company specializing in the re-refining of used motor oil (\"UMO\") into high-quality Group II+ and Group III synthetic base oils, is pleased to announce that further to the Company's press release dated February 24, 2023, outreach efforts have officially commenced to prospective institutional and strategic investors with respect to the funding of ReGen III's compelling Texas City investment opportunity.Over the past four months, ReGen III and its advisors have worked diligently to prepare and populate a new data room, create a marketing teaser document, craft a Confidential Information Memorandum (CIM), develop an updated financial model and identify the investor outreach list. \"We are excited to see the progress made in our partnership with National Bank Financial and their outreach efforts to potential institutional investors,\" said Greg Clarkes, Chairman & CEO of ReGen III. \"We are grateful for the dedication and hard work of NBF's team in bringing our Texas City investment opportunity to the forefront. Together, we are poised to drive positive change in the re-refining industry and advance our mission of creating sustainable solutions.\" National Bank Financial Inc. (\"NBF\") is acting as a financial advisor to ReGen III with respect to its Texas City capital raise.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 2022, ReGen III completed FEL2 and value engineering for the Company's 5,600 bpd UMO Texas recycling 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 ser...