Refined Energy Corp. Announces Successful Closing of Financing
Refined Energy Corp. (CSE: RUU; FRA: CWA0) has successfully completed a significant step forward by closing its previously announced non-brokered private placement offering. This private placement involved the issuance of 1,750,000 units at a price of $0.20 per unit, resulting in gross proceeds of $350,000.
Details of the Private Placement Offering
Each unit in this offering consists of one common share and a warrant. The warrant allows the holder to purchase an additional common share at a price of $0.25 for a period of 24 months following the issuance date. This structured approach allows the company not only to generate immediate revenue but also provides investors with the potential for further investment down the road.
Use of Proceeds from the Offering
The proceeds from this offering are earmarked for various exploration activities across the company's projects as well as for general corporate purposes. The strategic allocation of funds will significantly bolster Refined Energy Corp.'s capability to advance its exploration initiatives and enhance its market position.
Regulatory Information and Hold Period
All securities issued under this private placement are subject to a statutory hold period, which expires after four months and one day from the issuance date. This regulatory requirement ensures that securities are not traded without compliance in the respective legal frameworks.
Company Overview
Refined Energy Corp. is dedicated to exploring and acquiring mineral properties across North America. The company is actively progressing on notable projects including the Dufferin, Basin, and Milner projects. Additionally, the Simard Property, a promising lithium property in Quebec, forms part of their strategic portfolio. The company is also exploring the Horizon South Property, showcasing their commitment to diversifying their assets within the lucrative mining sector.
Exploration Focus and Future Plans
Refined Energy Corp. is concentrating its efforts on identifying mineral properties that have significant growth potential. With the successful closure of their latest financing, the company is now in a stronger position to explore new opportunities and expand its current projects.
Contact Information
For those interested in more information about Refined Energy Corp. or their latest developments, inquiries can be directed to their office at:
Phone: (604) 398-3378
Email: Info@refinedenergy.com
Frequently Asked Questions
What is the purpose of the private placement offering?
The private placement's proceeds will finance exploration activities and support general corporate needs.
How many units were issued in the offering?
A total of 1,750,000 units were issued at a price of $0.20 each.
What are the benefits of the warrants included with the units?
The warrants provide investors the opportunity to purchase additional shares at a favorable price, enhancing their investment in the company.
Is there a hold period for the securities?
Yes, there is a statutory hold period that lasts until January 31, 2025, for the securities issued.
What types of properties does Refined Energy Corp. focus on?
The company focuses on mineral properties, with a particular interest in lithium properties and other strategic acquisitions across North America.
