EDMONTON, Alberta, June 20, 2023 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Corporation" or "Regenx") (TSXV: RGX) (OTCQB: RGXT) (FSE: YRS WKN: A2DSW3) ) is pleased to announce that it has received conditional approval to list its common shares on the Canadian Securities Exchange (the "CSE"), and anticipates to voluntarily delist its common shares from the TSX Venture Exchange (the "TSXV"). To ensure continued trading of the Corporation's common shares, the Corporation intends to arrange for the delisting of its common shares from the TSXV at market close on June 22nd, 2023 and subsequent commencement of trading on the CSE on June 23rd, 2023. The Corporation's trading symbol “RGX” will remain the same.
Management is of the view that listing the common shares on the CSE will provide the Corporation continued liquidity for its shareholders and to increase its exposure to new investors, in addition it will allow the Corporation to continue to reduce expenses due to the CSE's lower operating costs.
Regenx is positioned for growth in the CleanTech sector through the development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. Initial focus is the extraction of platinum and palladium from diesel catalytic converters with its business partner Davis Recycling. For further information visit www.Regenx.Tech
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.
For further information contact:
REGENX TECH CORP.
President & CEO
Forward-Looking Information: Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to the Corporation are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Corporation's current views and intentions with respect to future events, and current information available to the Corporation, and are subject to certain risks, uncertainties and assumptions, including timing and the occurrence of the delisting of the Common Shares from the TSXV and the expected listing of the Common Shares on the CSE and the anticipated benefits of having the Common Shares listed on the CSE. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Examples of such risk factors include, without limitation: credit; market (including equity, commodity, foreign exchange and interest rate); liquidity; operational (including technology and infrastructure); reputational; insurance; strategic; regulatory; legal; environmental; capital adequacy; the general business and economic conditions; the ability to implement business strategies and pursue business opportunities; the impact of new and changes to, or application of, current laws and regulations; increased competition; changes in foreign currency rates; increased funding costs and market volatility due to market illiquidity and competition for funding; critical accounting estimates and changes to accounting standards, policies, and methods used by the Corporation; as well as those risk factors discussed or referred to in the Corporation’s disclosure documents filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Should any factor affect the Corporation in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Corporation does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Corporation undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.