Regenx shares have commenced trading on the Canadian Securities Exchange (CSE) as of Friday, June 23, after the company voluntarily delisted its securities from the TSX Venture Exchange (TSX-V).
The ticker symbol for the innovator in precious metal extraction and recycling technologies remains “RGX.”
The company cited a number of benefits of the transition to the CSE, including streamlining its efforts to transition from a Mining Issuer to a Technology Issuer which it says have “been hindered by bureaucratic obstacles” at the TSX-V.
“By being classified as a Technology Issuer, Regenx can attract investment from institutional Green Funds, broadening its institutional investor base and supporting its future growth prospects,” the company said.
“The CSE offers a more efficient and timely transition process, while significantly reducing ongoing costs compared to the TSX-V.”
It added that the transition also smooths its path to senior exchanges.
“As Regenx capitalizes on its company's growth prospects, there is potential for a listing on a senior exchange in the United States,” the company said. “Transitioning as a Technology Issuer facilitates a smoother process with fewer costs and administrative hurdles.”
The transition to the CSE does not affect the company’s US and Frankfurt listings.
“Shareholders in Canada will experience a seamless transition, with their brokerage accounts and trading remaining the same,” Regenx added.
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