On March 16, 2023, ReGen III Corp., closed the transaction. The company has issued 3,692,502 units at a price of CAD 0.75 for the gross proceeds of CAD 2,769,376.50 representing an oversubscription of CAD 269,376.50 in gross proceeds. Each unit consists of one common share of the company and one- half of one common share purchase warrant.

Each whole warrant is exercisable at a price of CAD 1.25 per share until March 16, 2025. The company has paid finder's fees of CAD 3,330. All securities issued in offering will be subject to a resale restriction expiring July 17, 2023.

The transaction is subject to the final approval of the TSX Venture Exchange. The transaction included participation from 11 placees.