ReGen III Corp.’s $11.5 Million Bought Deal Offering

Cassels acted for ReGen III.

ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) closed its bought deal public offering of common shares of the Company. . Pursuant to the Offering, the Company issued 9,200,000 Common Shares at a price of $1.25 per Common Share for gross proceeds of $11.5 million, including the issuance of 1,200,000 Common Shares pursuant to the full exercise of the over-allotment option by the Underwriters. 

The Offering was conducted by a syndicate of underwriters led by Paradigm Capital Inc. and including Canaccord Genuity Corp., Haywood Securities Inc. and Cormark Securities Inc. (collectively the “Underwriters”), pursuant to the terms of an underwriting agreement entered into between the Company and the Underwriters.

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

ReGen III is a cleantech company that is building sustainable green projects with compelling economics, without relying on government subsidies. 

The Cassels’ team comprised of David Gardos (Picture), Jeff Durno, Andrew Dilts, Aamir Chherawala and Kimberly Dodson. 

 

Involved fees earner: Aamir Chherawala – Cassels Brock & Blackwell LLP; Andrew Dilts – Cassels Brock & Blackwell LLP; Kimberly Dodson – Cassels Brock & Blackwell LLP; Jeff Durno – Cassels Brock & Blackwell LLP; David Gardos – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: ReGen III Corp.;

Author: Martina Bellini