ReGen III Corp. announced a non-brokered private placement of units at a price of CAD 0.75 per unit for the gross proceeds of CAD 2,500,000 on March 3, 2023. Each unit will consist of one common share of the company and one-half of one common share purchase warrant.

Each whole warrant will be exercisable at a price of CAD 1.25 per share for a period of two years from closing. The closing of the offering is expected to occur in mid-March. The closing of the offering is subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

In connection with the Offering, the Company may pay certain finder's fees subject to compliance with applicable securities laws and the rules of the Exchange.