ReGen III Corp Announces Payment of Interest on Debentures
Vancouver, British Columbia–(Newsfile Corp. – December 31, 2024)
Overview
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4), a leading clean technology company specializing in the upcycling of used motor oil (“UMO”) into high-value Group III base oils, has announced the payment of the semi-annual interest on its Series 2023-11.PP55CD-B Debentures. The company has elected to pay the $45,150 interest payment through the issuance of approximately 118,501 common shares at a price of $0.381 per share. Approval from the TSX Venture Exchange is pending for the completion of the transactions.
Impact on Individuals
As an individual investor, this announcement could have a direct impact on your investment in ReGen III Corp. By paying the interest on the debentures through the issuance of common shares, the company is taking steps to strengthen its financial position and potentially create more value for shareholders. It’s important to monitor the approval process by the TSX Venture Exchange and stay informed about the company’s financial decisions.
Global Impact
On a global scale, ReGen III Corp’s focus on clean technology and sustainable practices is a positive step towards reducing environmental pollution and promoting a circular economy. The upcycling of used motor oil into high-value base oils has the potential to contribute to the conservation of natural resources and the reduction of greenhouse gas emissions. The company’s innovative approach could inspire other businesses to adopt similar environmentally friendly practices, leading to a more sustainable future for the world.
Conclusion
ReGen III Corp’s decision to pay the interest on its debentures through the issuance of common shares showcases its commitment to financial stability and sustainable business practices. As the company continues to innovate in the clean technology sector, individuals and the world at large stand to benefit from its efforts towards environmental conservation and a more sustainable future.
