http://www.regeniii.com/regen-iii-announces-10-million-bought-deal-prospectus-offering/

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ReGen III Announces $10 Million Bought Deal Prospectus Offering

VANCOUVER, British Columbia (Newsfile Corp. – May 27, 2021) — ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) (“ReGen III” or the “Company”) is pleased to announce that it has entered into an engagement letter with Paradigm Capital Inc. to act as sole bookrunner, on behalf of a syndicate of underwriters led by Paradigm Capital Inc. (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis, 8,000,000 common shares in the capital of the Company (the “Common Shares”) at an offering price of $1.25 per Common Share (the “Offering Price”) for gross proceeds of $10 million (the “Offering”).

The Common Shares will be qualified for distribution in Canada by way of a short-form prospectus (the “Prospectus”), pursuant to National Instrument 44-101 Short Form Prospectus Distributions (“NI 44-101”) to be filed in British Columbia, Alberta, and Ontario. Common Shares may also be offered on a private placement basis in such other jurisdictions outside of Canada as agreed by the Company and the Underwriters.

The Company has granted the Underwriters an option (the “Over-Allotment Option”) which will allow the Underwriters to purchase up to an additional 15% of the Offering at the Offering Price. The Over-Allotment Option may be exercised in whole or in part at any time up to and including 30 days following the closing date of the Offering.

ReGen III intends to use the net proceeds of the Offering for engineering, design, site selection and general and administrative purposes.

The Offering is expected to close on or about June 17, 2021 and is subject to certain customary closing conditions, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities.

No securities regulatory authority has either approved or disapproved of the contents of this press release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under United States federal and state securities laws or an applicable exemption from such United States registration requirements.

About ReGen III

ReGen III is a cleantech company that is building sustainable green projects with compelling economics, without relying on government subsidies. ReGen III owns a portfolio of patented technologies that enable used motor oil (“UMO”) re-refineries to produce a higher value product mix of base oils than traditional methods, including 55% Group III. For more information about the Company, please visit www.regeniii.com.

For further information, please contact Mark Redcliffe, Executive Vice President, Corporate Finance at (778) 668-5988

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