Vancouver, British Columbia--(Newsfile Corp. - October 20, 2021) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) ("ReGen III" or the "Company") is pleased to announce the appointment of Mr. Steve Martin as Chief Financial Officer.
Mr. Martin brings over 18 years of capital markets and corporate leadership experience spanning the oil and gas, clean energy and technology sectors. Steve most recently served as Chief Financial Officer of 7D Surgical Inc., seeing it through its successful acquisition by a US publicly listed issuer, SeaSpine Holdings Corporation.
Prior to working at 7D Surgical, Steve was a Portfolio Manager and the Chief Executive Officer of KAIOG Capital Partners, a focused asset management firm devoted exclusively to the North American energy sector. Before KAIOG, Mr. Martin was a Portfolio Manager and Partner at a boutique energy investment firm where he launched and managed a clean energy fund, that was ranked as the highest performing mutual fund in Canada amongst all classes in 2008, according to Globefund. Steve began his career at Deloitte & Touche LLP and has numerous newspaper citations to his name, while appearing as a guest on BNN to discuss opportunities in clean energy.
Mr. Martin earned the Chartered Financial Analyst and Certified Internal Auditor designations and holds a Bachelor of Commerce (Hons.) degree from Queens University.
"On behalf of the Board, I want to thank Rick Low as he transitions from CFO into the role of Manager, Finance and Accounting. Rick has provided many years of dedicated service to our Company and his professionalism is greatly appreciated,"stated Greg Clarkes, CEO of ReGen III. "Looking ahead, I am excited to welcome Steve to our team. Steve has strong capital markets experience with deep roots and I know his past involvement in successful entrepreneurial ventures will translate into strategic thinking and constructive actions as we transition to a green infrastructure project builder and operator, first in Texas and then globally."
Options Granted to New Appointee
In connection with the Board appointment, the Company has issued 600,000 stock options at an exercise price of $1.79 per option, valid for a period of two years from the date of grant. The options will vest in two equal tranches: 300,000 on October 19, 2022 and 300,000 on April 19, 2023.
About ReGen III
ReGen III is a cleantech recycling company creating more sustainable solutions that include better environmental outcomes and compelling economics. 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.
Earlier this 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.
For more information on ReGen III or to subscribe to the Company's mailing list, please visit: www.regeniii.com/investors/corporate-presentations and www.regeniii.com/newsletter-subscription.
On Behalf of the Board of ReGen III Corp.
Chief Executive Officer
For further information, please contact:
Executive Vice President, Corporate Finance
ReGen III Corp.
Tel.: (778) 668-5988
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.ReGen III.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.
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