On April 12, 2022, ReGen III Corp. closed the transaction. The company issued 88,235 common shares at a price of CAD 1.70 per share for gross proceeds of CAD 150,000 in the second tranche closing.

In aggregate, the company issued 1,435,480 shares for gross proceeds of approximately CAD 2,440,000 in the transaction. The company paid a cash finder's fee of CAD 7,500 as a part of second tranche. In aggregate, the company has paid CAD 89,515.20 cash commission payable to Blue Deer Capital Partners Inc. The shares issued are subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.

The transaction included participation from 7 placees. The company has received acceptance of TSX Venture Exchange for filing documentation with respect to the transaction.