Refined Energy Corp. Closes a Significant Private Placement
Refined Energy Corp. has successfully concluded a private placement financing that raised approximately C$2 million. This strategic move underscores the company's commitment to advancing its projects, especially its flagship Dufferin Project.
Details of the Private Placement
Through this private placement, Refined Energy Corp. issued 10 million units at a price of $0.20 each. Each unit includes a common share and a warrant. The warrants allow investors to purchase additional shares at an exercise price of $0.25 until November 2027, although they are subject to a hold period until January 2026.
Intended Use of Proceeds
The funds generated from this private placement will primarily support exploration and evaluation activities at the Dufferin Project. These funds will also aid in ensuring that the company maintains its mineral interests in good standing while providing general working capital.
Regulatory Considerations
The offering was conducted under the listed issuer financing exemption as stipulated in National Instrument 45-106. This exemption allows companies to issue shares without facing certain resale restrictions. This means that investors may have greater flexibility with their investment.
Learning More About Refined Energy Corp.
Refined Energy Corp. focuses on acquiring, evaluating, and developing mineral properties in North America. The company's flagship Dufferin Project, located in the Athabasca Basin, is currently a focal point for its operations. A drilling program has been planned for the upcoming year, reinforcing the company's vision for growth. Furthermore, Refined holds an option to gain up to 100% interest in additional uranium properties in Saskatchewan, which could diversify its asset portfolio.
Company's Future Ambitions
With a commitment to responsible resource management, Refined Energy Corp. aims to expand its footprint in the mining sector through strategic acquisitions and efficient project development. The recent fundraising efforts will enhance its ability to explore new opportunities and advance existing projects.
Contact Information
For more information about Refined Energy Corp., interested parties can reach out to: Eli Dusenbury
Chief Financial Officer
+1 (604) 398-3378
info@refinedenergy.com
Frequently Asked Questions
What is the primary goal of the recent private placement?
The private placement aims to raise funds for exploration and evaluation expenditures specifically at the Dufferin Project.
How many units were issued in the private placement?
A total of 10 million units were issued, with each unit consisting of one common share and one share purchase warrant.
What is the exercise price of the warrants?
The warrants can be exercised at a price of $0.25 per share until November 2027.
How will the funds be utilized?
The funds will be used for exploration activities at the Dufferin Project and for general working capital to support the company’s operational needs.
Who can investors contact for more information?
Investors can contact Eli Dusenbury, Chief Financial Officer, at +1 (604) 398-3378 or via email at info@refinedenergy.com.
