ReGen III Launches $2M Convertible Debenture Offering

ReGen III Corp (TSE:GIII) has released an update.

ReGen III Corp has announced a private placement offering of convertible debenture units to raise up to $2 million, with each unit including a debenture and warrants, potentially convertible into common shares. The proceeds are intended to fund the company’s re-refinery engineering, general working capital, and to assess merger and acquisition opportunities. ReGen III is known for its patented technology that transforms used motor oil into environmentally friendlier high-value base oils.

For further insights into TSE:GIII stock, check out TipRanks’ Stock Analysis page.