Refined Energy Corp. Closes Private Placement for Gross Proceeds of C$2M

Core Points - Refined Energy Corp. has successfully closed a non-brokered private placement financing, raising a total of $2,000,000 [1][2] Group 1: Private Placement Details - The company issued 10,000,000 units at a price of $0.20 per unit, with each unit consisting of one common share and one share purchase warrant [2] - Each warrant allows the holder to purchase an additional share at an exercise price of $0.25 until November 7, 2027, subject to a hold period expiring on January 6, 2026 [2][4] Group 2: Use of Proceeds - The net proceeds from the private placement will be allocated for exploration and evaluation expenditures at the Dufferin Project, as well as for general working capital purposes [3] Group 3: Regulatory Information - The units were offered to purchasers in all provinces of Canada except Quebec, under the listed issuer financing exemption, which allows for certain resale restrictions to be waived [4] - The securities have not been registered under U.S. securities laws and cannot be offered or sold in the United States without proper registration or exemptions [6] Group 4: Company Overview - Refined Energy Corp. is a junior mining company focused on identifying and acquiring mineral properties in North America, with the Dufferin Project being its flagship project [7] - A drill program is planned for the Dufferin Project in 2026, and the company is also exploring other mineral properties for potential acquisition [7]