Business
ReGen III Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2023) - ReGen III Corp. (TSXV: GIII)...
About this update from Regen Iii Corp
[{"type":"text","content":"ReGen III Provides Corporate UpdateVancouver, British Columbia--(Newsfile Corp. - February 24, 2023) - ReGen III Corp. (TSXV: GIII) (OTCQX: ISRJF) (FSE: PN4) (\"ReGen III\" or the \"Company\") is pleased to provide a general corporate update and announce the engagement of National Bank Financial Inc. Over the past two quarters, ReGen III has been actively advancing on FEL3 (FEED). The Company is continuing to progress all opportunities for project-level financing, including with strategic investors, industry participants and private equity investors. Additionally, the Company is in active discussions to monetize voluntary carbon credits with a multinational third-party and further details are expected to be released shortly. National Bank Financial Inc. has been engaged to provide financial advisory and investment banking services in support of existing and proposed project-level financing structures, and to secure US$150 million. National Bank Financial Inc. will also advise and assist the Company with the evaluation and execution of other strategic opportunities. National Bank Financial Inc. is a wholly owned subsidiary of National Bank of Canada, a leading, full service Canadian financial institution.Greg Clarkes, Chairman & CEO of ReGen III stated, \"We look forward to expanding our working relationship with one of Canada's leading investment banks. We will continue to identify and maximize opportunities for our shareholders with the support of National Bank Financial Inc.'s capital markets expertise and global network of industrial and cleantech sector investors. \"Our Texas facility presents an opportunity to generate industry-leading economics while helping to fight climate change, by leveraging proven refining technologies to upcycle UMO to a Group III base oil. This banking relationship will introduce our unique project to additional audiences, with the goal of securing a financing package to purchase long lead items and expedite our construction schedule.\"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%...