Regenx Tech Corp. Enhances Financial Flexibility with Debenture Amendments and New Financing

An update from Mineworx Technologies Ltd ( (TSE:RGX) ) is now available.

Regenx Tech Corp. has announced amendments to its outstanding debentures to enhance financial flexibility and support future growth. The company has extended the maturity date, maintained the interest rate, and reduced the conversion price, while also issuing new bonus warrants. Additionally, Regenx has secured non-brokered financing for gross proceeds of $555,664, which will be used to support operations and general working capital. These strategic financial adjustments are aimed at optimizing liquidity, minimizing costs, and positioning the company for efficient growth, thereby building long-term value for shareholders.

More about Mineworx Technologies Ltd

Regenx Tech is a cleantech, urban mining company that recycles end-of-life diesel catalytic converters using its innovative and environmentally friendly proprietary technology for the recovery of precious metals, such as platinum and palladium.

Average Trading Volume: 242,950

Technical Sentiment Signal: Sell

Current Market Cap: C$5.94M

For detailed information about RGX stock, go to TipRanks’ Stock Analysis page.