ReGen III Corp. announced it has terminated the agreement regarding ReGen's leasehold interest in Bowden, Alberta. Under the terms of the termination, neither lease payments previously accrued nor any further lease payments are due or payable under the lease. This development allows the Company to focus unencumbered on its primary re-refinery project in the US Gulf Coast and to fully explore alternate production site opportunities elsewhere in North America, while continuing to enhance the Company's industry presence.