Regeneus Receives R&D Tax Incentives of $1.5 million

  • Oct 15, 2019 AEDT
  • Team Kalkine

Regeneus Limited (ASX: RGS) received a R&D tax incentive of $1.5 million from Australian Tax Office for FY19.

  • This tax incentive has enabled the repayment of $1.3 million Paddington Street Loan which will allow the release of Paddington Street’s security over the Company’s assets;
  • By paying Paddington Street Loan and by converting $1.4 million of the Director’s loan as part of the recent capital raising, the company significantly reduced its borrowing from $3.8 million on 30th June 2019 to presently $1.1 million of Director’s loan.


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