Vancouver, British Columbia–(Newsfile Corp. – April 19, 2022) – ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) (“ReGen III” or the “Company”) is pleased to announce the appointment of Kimberly Hedlin as the company’s Vice President, Corporate Finance, effective immediately.
Ms. Hedlin brings over 15 years of progressive finance experience, including a decade in equity research where she covered international upstream oil and gas companies, in addition to the emerging cannabis and cleantech industries. Since 2020, Ms. Hedlin has supported companies, including ReGen III, as an independent consultant offering a wide platform of services including corporate communication, investor relations, market research, financial modeling and analysis and project management.
“We are thrilled to have Kim join the ReGen III team. Over the past year, Kim has proven to be an invaluable partner, leading the company’s early international expansion initiatives in Europe and Latin America, launching the foundations for an enhanced ESG-focused IR strategy, and supporting the team with her extensive research and financial analysis skills.As the team works to close the financing for the project, Kim will act as liaising with public market regulators, investors and bankers while working closely with our management team to secure key deals. In addition, Kim will continue to advance our broader global development plans by finding suitable sites and re-refining targets and helping to manage our growing patent portfolio,” said company chairman Mark Redcliffe.
Ms. Hedlin is a Chartered Professional Accountant (CPA, CMA) and holds a Bachelor of Commerce from the University of Saskatchewan. Kim currently resides in Calgary, Alberta.
In connection with Ms. Hedlin’s appointment, the Company issued 200,000 stock options at an exercise price of $1.64 per option. The options are valid for a period of two years and will vest in two equal installments after nine and eighteen months from the grant date.
With the end of FEL2 and the launch of the FEL3 study, ReGen III continues to provide updated due diligence materials to Export Development Canada, the multi-billion dollar US private equity firm focused on infrastructure development. Green Energy (“PE Firm”) and other financial institutions.
Following the company’s April 8, 2022 update, four draft definitive agreements have now been received from the private equity firm and the company is in the process of finalizing the terms of all four agreements.
Finally, in order to broaden the Company’s institutional audience, senior management also took part in a non-offer tour at the end of March.
About ReGen III
ReGen III is a cleantech recycling company that creates more sustainable solutions that include better environmental outcomes and compelling economics.
Last year, ReGen III engaged Koch Project Solutions, LLC (“KPS”) to provide project execution management services leading to the turnkey delivery of its new facility in Texas, where KPS will lead construction teams. engineering, construction and world-class approved suppliers of ReGen III. (PCL Industrial Management Ltd., Koch Modular Process Systems and Duke Technologies) until completion of detailed design, construction, commissioning and start-up. ReGen III has already signed a definitive take-off agreement with bp to purchase 100% of the company’s base oils produced at the proposed re-refining facility in Texas.
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For more information, please contact:
ReGen III Corp.
Such. : (778) 668-5988
Email: [email protected]
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Certain information contained in this press release constitutes “forward-looking information” or “forward-looking statements” (collectively, “forward-looking information”). Without limiting the foregoing, such forward-looking information includes statements regarding the Company’s business plans, expectations and objectives. In this press release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend of”, “plans”, “estimates” and similar words and their negative form are used to identify forward-looking information. Forward-looking information should not be construed as guarantees of future performance or results, and will not necessarily be precise indications as to whether, or when or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or on the good faith belief of the Company’s management regarding future events and are subject to known and unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. and other factors and assumptions underlying the forward-looking information contained in this press release, please see the Company’s most recent MD&A and financial statements and other documents filed by the Company with the securities commissions. Canadian Securities and the discussion of the risk factors set forth therein. These documents are available at www.sedar.com under the Company’s profile and on the Company’s website, https://www.ReGenIII.com/. The forward-looking information set forth herein reflects the Company’s expectations as of the date of this press release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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