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EDMONTON, Alberta, June 12, 2024 (GLOBE NEWSWIRE) — Regenx Tech Corp., (the “Company” or “Regenx“) (CSE: RGX) (OTCQB: RGXT) (FSE: YRS WKN: A2DSW3) broadcasts the outcomes of its Annual Common and Particular Assembly held at present. All of the resolutions proposed to the shareholders detailed within the Administration Info Round dated the twenty ninth of April, 2024 had been duly handed.
The resolutions which had been handed included:
- The next 5 (5) incumbent administrators had been re-elected for the approaching 12 months:
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Greg Pendura
Darcy Thiele
Rick Purdy
Harvey Granatier
Curtis Sparrow;
- The appointment of Gallo LLP, Chartered Skilled Accountants as Auditors of the Firm;
- The consolidation of share capital.
Additional to its March 26, 2024 and June 10, 2024 information releases, efficient on Tuesday, June 18, 2024, the Company will full the consolidation (the “Consolidation”) of its Widespread Shares on the idea of two pre-Consolidation Widespread Shares for 1 post-Consolidation Widespread Share, topic to regulatory approval, together with approval of the Canadian Securities Change (the “CSE”). The place the alternate leads to a fractional share, the variety of Widespread Shares might be rounded as much as the following better complete variety of Widespread Shares if the fractional entitlement is the same as or better than 0.5 and shall, with none further compensation, be rounded all the way down to the following lesser complete variety of Widespread Shares if the fractional entitlement is lower than 0.5 and, in calculating such fractional pursuits, all Widespread Shares registered within the identify of and held by such Shareholder shall be aggregated. Shareholder approval of the Consolidation was obtained on the annual basic and particular shareholders assembly held on June 12, 2024. A brand new CUSIP variety of 75903N208 replaces the previous CUSIP variety of 603465303, to tell apart between the pre- and post- consolidated Widespread Shares. The Company’s identify and buying and selling image will stay unchanged.
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The Consolidation is being performed on a “push-out” foundation. Shareholders of the Company, with or and not using a bodily share certificates, don’t must take any motion with respect to the Consolidation. DRS statements for the post-Consolidation Widespread Shares might be mailed on or about June 18, 2024. Present share certificates might be cancelled.
Commencing on the opening of buying and selling on Tuesday, June 18, 2024, the Widespread Shares of the Company will commerce on a post-Consolidation foundation on the CSE. Following the completion of the Consolidation, there are anticipated to be 395,508,808 post-Consolidation Widespread Shares excellent.
About Regenx
Regenx is positioned for progress within the CleanTech sector via the event and commercialization of its environmentally pleasant processing applied sciences for the restoration of treasured metals. Preliminary focus is the extraction of platinum and palladium from diesel catalytic converters with its enterprise companion Davis Recycling. For additional data go to www.Regenx.Tech
For additional data contact:
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REGENX TECH CORP.
Greg Pendura
CEO
780 800-0726
greg@regenx.tech
Ahead Wanting Statements
This press launch incorporates sure statements which represent forward-looking statements or data (“forward-trying statements”), together with statements relating to Regenx’s enterprise and the Consolidation. Such forward-looking statements are topic to quite a few dangers and uncertainties, some of that are past Regenx’s management, together with the impression of basic financial situations, the present share value of Regenx’s widespread shares, and market acceptance of the non-public placement, trade situations, forex fluctuations, the shortage of availability of certified personnel or administration, inventory market volatility and the power to entry adequate capital from inside and exterior sources. Though Regenx believes that the expectations in its forward-looking statements are cheap, they’re based mostly on components and assumptions regarding future occasions which can show to be inaccurate. These components and assumptions are based mostly upon at present accessible data. Such statements are topic to recognized and unknown dangers, uncertainties and different components that would affect precise outcomes or occasions and trigger precise outcomes or occasions to differ materially from these acknowledged, anticipated or implied within the ahead trying data. As such, readers are cautioned to not place undue reliance on the ahead trying data, as no assurance may be supplied as to future outcomes, ranges of exercise or achievements. The forward-trying statements contained on this doc are made as of the date of this doc and, besides as required by relevant legislation, Regenx doesn’t undertake any obligation to publicly replace or to revise any of the included forward-looking statements, whether or not on account of new data, future occasions or in any other case. The forward-looking statements contained on this doc are expressly certified by this cautionary assertion.
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