Regenx Announces Non-Brokered Financing for Gross Proceeds of $503,423
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Regenx Tech Corp. has secured non-brokered financing through debentures for gross proceeds of $503,423, with an interest rate of 15% per annum.
January 01, 2025 | 1:30 am
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Regenx Tech Corp. has obtained $503,423 in non-brokered debenture financing, which will provide the company with additional capital. The debentures carry a high interest rate of 15% per annum.
The non-brokered financing provides Regenx with additional capital, which could be used for growth or operational needs. The high interest rate suggests a need for capital, but also indicates confidence in future returns to cover the cost. This is likely to have a positive short-term impact as it strengthens the company's financial position.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90