Refined Energy Corp. Completes Successful Private Placement
Refined Energy Corp. Completes Successful Private Placement
Refined Energy Corp. is excited to announce the successful completion of its non-brokered private placement financing. This marks a significant milestone for the Company as it raises capital aimed at strengthening its exploration endeavors. The private placement resulted in the issuance of 1,750,000 Units at a price of $0.20 per Unit, translating into gross proceeds of $350,000.
Details of the Offering
Each Unit issued comprises one common share and one purchase warrant. Investors can acquire additional common shares at a price of $0.25 per share, with this warrant remaining valid for a duration of 24 months from issuance. This strategic move is designed to enhance the Company's future initiatives and projects.
Use of Proceeds
The proceeds accumulated from this private placement will primarily support exploration activities across Refined Energy's projects. This includes essential development efforts and operational expansions that align with the Company’s goals and vision. By allocating these funds effectively, Refined Energy aims to boost its presence in the mining sector, ultimately benefiting its investors and stakeholders.
Company Profile and Future Plans
Refined Energy Corp. is known for its commitment to identifying and acquiring interests in mineral projects within North America. Among its ventures are the Dufferin, Basin, and Milner projects, which highlight the Company's dedication to growth and exploration. Additionally, they are actively exploring the Simard Property, a lithium-rich site situated in Quebec, reflecting a focus on the growing demand for lithium resources.
Lithium Exploration Initiatives
In light of the increasing global focus on alternative energy solutions and battery technology, Refined Energy is strategically positioned to explore lithium resources. The Horizon South Property, located in Tonopah, Nevada, presents exciting opportunities for further expansion and exploration. The Company’s relationships and agreements in these areas underscore its proactive approach to mineral exploration.
Looking Ahead
As Refined Energy Corp. continues to advance its exploration projects, the company remains dedicated to evaluating additional mineral properties for potential acquisition. The private placement financing is expected to catalyze growth, enabling the Company to navigate the challenges and opportunities in the mining sector effectively.
Shareholder Engagement
The Company is committed to maintaining open lines of communication with its shareholders. As they progress with their projects, Refined Energy intends to provide updates and insights to keep investors informed. Their transparency and engagement reflect a robust corporate governance approach, further fostering trust among stakeholders.
Frequently Asked Questions
What is the purpose of the private placement?
The private placement aims to raise capital to finance exploration activities and support the Company's general corporate purposes.
How much capital did Refined Energy Corp. raise?
The Company raised a total of $350,000 from the issuance of 1,750,000 Units.
Where are Refined Energy Corp.'s mineral properties located?
Refined Energy owns interests in several mineral projects in North America, including properties in Quebec and Nevada.
What are the terms of the purchase warrants?
Each warrant allows the holder to acquire additional common shares at a price of $0.25 for a period of 24 months from the date of issuance.
How can I contact Refined Energy Corp. for more information?
You can reach Refined Energy Corp. by phone at (604) 398-3378 or via email at Info@refinedenergy.com.
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