Latest news with #Group III base oils
Yahoo
05-08-2025
- Business
- Yahoo
ReGen III Appoints Accomplished Executive as Chief Financial Officer to Drive Next Phase of Growth
Vancouver, British Columbia--(Newsfile Corp. - August 5, 2025) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) ("ReGen III" or the "Company"), a leading clean technology company specializing in the upcycling of used motor oil ("UMO") into high-value Group III base oils, is pleased to announce the appointment of Brad Kotush as Chief Financial Officer. Mr. Kotush brings over 17 years' experience as a public company CFO with proven success in capital markets, corporate scaling, mergers and acquisitions ("M&A"), and public reporting. Mr. Kotush was most recently EVP and CFO for Home Capital Group Inc. ("Home") from 2017 to 2024. As a key member of Home's leadership team, Mr. Kotush helped drive share price appreciation of approximately 3.4 times, a $600 million expansion in market capitalization, and the return of more than $1.5 billion to shareholders through dividends and share repurchases. In addition, he served as due diligence team lead during Home's $1.7 billion privatization, which closed in August 2023. From 2006 to 2017, Mr. Kotush served as Executive Vice President, Chief Financial Officer, and Chief Risk Officer of Canaccord Genuity Group Inc., where he played a pivotal role in executing more than $750 million in domestic and international acquisitions and expanding the company's presence from two to ten countries. He also oversaw the company's dual listing on the UK's AIM exchange and subsequent transition to the London Stock Exchange. Throughout his career, Mr. Kotush has managed public and internal financial reporting, budgeting, risk management, regulatory reporting, treasury, investor relations, legal affairs, technology strategy, and operations across multiple senior roles in Canada, UK, and other jurisdictions. Mr. Kotush is a Chartered Professional Accountant (CPA, CA) and holds the ICD.D designation from the Institute of Corporate Directors. Quote from CEO & President, Tony Weatherill "We are beyond thrilled to welcome Brad Kotush as our Chief Financial Officer," said Tony Weatherill, CEO & President of ReGen III. "Brad's deep institutional knowledge, broad global capital markets expertise, and proven track record of strategically scaling companies make him an ideal fit for ReGen III. Brad has successfully guided organizations through transformational growth, completing and integrating strategic acquisitions that unlocked long-term value. His leadership will be instrumental as we position ReGen III for our next leg of growth." Quote from CFO, Brad Kotush "I am excited to join ReGen III at such a pivotal point," said Brad Kotush, Chief Financial Officer. "The Company's commitment to sustainable innovation and its ambitious growth plans resonate with me and I look forward to leveraging my extensive experience in capital markets, mergers and acquisitions, and organizational scale up to help drive ReGen III's next phase of growth and deliver long-term value for our shareholders." Options The Company has granted Mr. Kotush 1 million stock options at an exercise price of $0.19 per option, valid for five years from the date of grant. The options will vest over a period of four (4) years and may be accelerated by attaining specific performance milestones set by the Board of Directors. Attachments Brad Kotush, CPA, CA, ICD.D, Chief Financial Officer, ReGen III Corp. To view an enhanced version of this graphic, please visit: Leadership Transition Effective August 5, 2025, Rick Low has stepped down as Chief Financial Officer. To ensure a smooth transition, Rick will remain available in an advisory capacity for up to six months to support the handover of responsibilities. The Company wishes to thank Mr. Low for his steadfast leadership and many contributions throughout his tenure. In addition, Mark Redcliffe will be stepping away as EVP and Chief Strategy Officer. Mr. Redcliffe will continue to support ReGen III in a consulting capacity. Throughout his tenure with ReGen III, Mark has been pivotal in advancing ReGen III's mission, driving patent development, fostering offtake and feedstock agreements, and leading financing efforts. "Mark's strategic leadership has positioned us for success in sustainable base oil production," said Tony Weatherill. "We extend our heartfelt thanks to Mark for his extensive contributions, unwavering commitment, and ongoing guidance as a consultant." About ReGen III ReGen III Corp. is driving a new era in high-performance, sustainable lubricants. Harnessing its patented ReGen™ technology, the Company is commercializing an advanced process to transform used motor oil ("UMO") into premium Group II and III base oils. These high-quality base oils are essential to high-performance engines, turbines, and industrial applications — and ReGen III's process is designed to deliver up to 82% lower CO₂e emissions than virgin crude-derived oils combusted at end of life. By turning waste into high-value products, ReGen III is driving the shift toward circular, domestically-produced base oils that meet the growing global demand for sustainable Group III solutions. With FEL2 and value engineering complete for its proposed 5,600 bpd flagship facility in Texas City, Texas — and backed by world-class engineering, construction, and vendor partners — the Company is strategically positioned to meet rising demand for higher-quality, circular base oils. In addition to Texas City, the Company is evaluating opportunities to deploy its patented technology across other strategic markets. With the vision of becoming the world's largest producer of sustainable, re-refined Group III base oils, ReGen III aims to set a new standard for performance and responsibility in the global lubricants market. For more information on ReGen III or to subscribe to the Company's mailing list, please visit: and For further information, please contact: Investor & Media inquiries: Email: investors@ Corporate Inquiries: Kimberly Hedlin Vice President, Corporate Finance Tel: (403) 921-9012 Email: info@ 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 other than statements of historical facts 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, capital costs 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 under the Company's profile and on the Company's website, 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. To view the source version of this press release, please visit
Yahoo
14-07-2025
- Business
- Yahoo
ReGen III Closes $1.75 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2025) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) ("ReGen III" or the "Company"), a leading clean technology company specializing in the upcycling of used motor oil ("UMO") into high-value Group III base oils, is pleased to announce it has closed its non-brokered private placement (the "Placement") announced May 27, 2025, issuing an aggregate of 8,750,000 Units (the "Units") at a price of $0.20 per Unit for aggregate gross proceeds of $1,750,000. Each Unit consists of one common share in the capital of the Company (a "Share") and one-half of one common share purchase warrant (each whole warrant a "Warrant"). Each Warrant entitles the holder to purchase an additional Share (a "Warrant Share") at an exercise price of $0.45 per Warrant Share for a period of two (2) years from the date of issuance. All securities issued in the Placement are subject to a hold period expiring on November 12, 2025. In connection with the closing of the Placement, the Company paid aggregate finders' fees of $47,450 in cash. Net proceeds from the Offering are intended to be used for general corporate purposes and working capital. The Offering is subject to the final approval of the Exchange. Insiders of the Company purchased 3,380,000 Units, representing 38.63% of the Units issued, with the associated common shares representing approximately 2.51% of the issued common shares following the concurrent closing of the Placement and the Debt Settlement (see below) and, if the associated warrants are exercised, an aggregate number of common shares representing approximately 3.72% of the then-issued common shares following the closings and deemed exercise of the Placement Warrants held by Insiders. The participation by insiders constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied upon the exemption from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a), (b) and (c), and sections 5.7(1)(a) and (b), respectively, of MI 61-101. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act), except pursuant to an exemption from the registration requirements of those laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction other than as specified herein including the United States, or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the 1933 Act). CEO & President Commentary "On behalf of the Board of Directors and the entire team at ReGen III, I would like to express my sincere gratitude to our shareholders — both new and existing — for their continued confidence and support. We are particularly encouraged by the strong participation from insiders, which reflects our team's deep conviction in ReGen III's proprietary technology, unique market opportunity, and long-term potential," stated Tony Weatherill, CEO & President. "We are committed to delivering results in 2025, and this investment positions us to advance our strategic priorities, including commercial arrangements, strategic partnerships, and other opportunities that will accelerate our market entry." Research Coverage ReGen III has engaged Couloir Capital Ltd. ("Couloir"), an arm's length research firm, to provide investor-focused equity research coverage. The Company will pay Couloir a one-time fee of $45,000 for three research reports. Couloir's research reports are disseminated through Bloomberg, FactSet, Capital IQ, LSEG, and other portals, as well as through their social media and email distribution lists. These research reports are intended for information purposes only. The Company has no influence over the content, conclusions, or timing of any reports prepared by Couloir. All reports will include required disclosures under applicable securities regulations. For more information on Couloir please visit: Debt Settlement Update Further to the Company's press release dated July 2, 2025, the Company is pleased to announce that the TSX Venture Exchange has accepted the Company's application to settle certain debts through the issuance of 221,972 common shares of the Company ("Settlement Shares") at a deemed price of $0.2034 per Settlement Share (the "Debt Settlement"). The Settlement Shares were issued on July 11, 2025, and are subject to a four-month hold period until November 12, 2025. See ReGen III's news release dated July 2, 2025, with respect to additional details and related party transaction information. About ReGen III ReGen III is a cleantech company commercializing its patented ReGen™ technology to upcycle UMO into high-value Group III base oils. With a focus on creating sustainable solutions that generate better environmental outcomes and compelling economics, the Company's ReGen™ process is expected to reduce CO2e emissions by 82% as compared to virgin crude derived base oils combusted at end of life. ReGen III has completed FEL2 and value engineering for the Company's 5,600 bpd UMO Texas recycling facility, with the support of world-class engineering, construction and licensed vendor teams - including Koch Project Solutions, LLC, PCL Industrial Management Ltd., Studi Tecnologie Progetti S.p.A., Koch Modular Process Systems and Duke Technologies. Operating in an underserved segment of the base oils market, ReGen III aims to become the world's largest producer of sustainable re-refined Group III base oil. For more information on ReGen III or to subscribe to the Company's mailing list, please visit: and For further information, please contact: Investor & Media inquiries:Email: investors@ Corporate Inquiries:Kimberly HedlinVice President, Corporate FinanceTel: (403) 921-9012Email: info@ 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 other than statements of historical facts 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, capital costs 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 under the Company's profile and on the Company's website, 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. Not for distribution to United States newswire services or for dissemination in the United States To view the source version of this press release, please visit
