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 Vice President, Corporate Finance of the Company, effective immediately.
Ms. Hedlin brings over 15 years of progressive finance experience, including a decade in equity research where she covered upstream international oil and gas companies, in addition to the emerging cannabis and clean tech industries. Since 2020, Ms. Hedlin has been supporting companies, including ReGen III, as an independent consultant offering a broad platform of services including corporate communications, investor relations, market research, financial modeling and analysis, and project management.
“We are thrilled to have Kim join the ReGen III team. Over the last year, Kim has proven an invaluable partner, leading the Company’s early-stage international expansion initiatives in Europe and Latin America, laying the foundation for an enhanced ESG-focused IR strategy, and supporting the team through her extensive research and financial analysis skills. As the team works to close project financing, Kim will act as a liaison with public market regulators, investors and bankers while working closely with our senior management team to secure key agreements. In addition, Kim will continue to advance our larger global development plans by sourcing appropriate site and re-refinery targets and helping to manage our growing patent portfolio,” stated Company President, 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 tranches after nine and eighteen months from the date of grant.
With the winding down of FEL2 and the initiation of the FEL3 study, ReGen III continues to deliver updated due diligence materials to Export Development Canada, the U.S. based multi-billion-dollar, green energy infrastructure focused, private equity firm (“PE Firm”) and other financial institutions.
Further to the Company’s update on April 8, 2022, four draft Definitive Agreements have now been received from the PE Firm and the Company is in the process of finalizing terms across all four agreements.
Finally, to expand the Company’s institutional audience, senior management also participated in a non-offering roadshow in late March.
About ReGen III
ReGen III is a cleantech recycling company creating 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 up to the turnkey delivery of its new facility in Texas whereby, KPS will lead ReGen III’s world class engineering, construction and licensed vendor teams (PCL Industrial Management Ltd., Koch Modular Process Systems and Duke Technologies) through the completion of detailed design, construction, commissioning, and start-up. ReGen III has already signed a definitive offtake agreement with bp to purchase 100% of the Company’s base oils produced at the proposed Texas re-refining facility.
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For further information, please contact:
ReGen III Corp.
Tel.: (778) 668-5988
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Certain information contained in this news 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 news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking information. Forward looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management’s good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company’s most recent Management’s Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such 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 at the date of this news 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, other than as required by law.