06:56 AM EST, 01/02/2025 (MT Newswires) -- Regenx Tech ( RGXTF ) , at 52 week lows, over the New Year holiday period received unsecured and non-brokered financing for gross proceeds of $503,423 in debenture financing. The company said the debentures will bear interest at the rate of 15% per annum, and the subscriber will be issued 500 warrants for each $1,000 debenture.

Each warrant allows the subscriber to buy a common share for $0.05 apiece if exercised prior to the expiry date of Oct. 30, Regenx ( RGXTF ) added. The urban mining company said it can redeem the debentures at any time upon 10 days prior written notice.

The company said it will use proceeds to support operations, and general working capital.

Shares of the company closed flat at $0.010 on Tuesday on the Canadian Securities Exchange.