Refined Energy Corp. to Amend Expiry Date of Warrants

Core Points - Refined Energy Corp. has announced an extension of the expiry date for 2,585,835 outstanding common share purchase warrants by one year, moving the expiry from November 29, 2025, to November 29, 2026 [1][2] - The warrants were originally issued on November 29, 2021, as part of a private placement at a price of $0.12 per unit, with each unit consisting of one common share and one warrant exercisable at $0.15 until the original expiration date [2] - The company aims to provide warrant holders with an extended opportunity to exercise their warrants and participate in the company's ownership, while also allowing the company to receive proceeds from any warrant exercises [3] Warrant Details - The warrants are currently exercisable at $0.60 per share due to two consolidations of the company's securities that occurred on June 30, 2022, and February 15, 2024 [3] - The amendment is considered a "related party transaction" as two insiders hold a total of 35,833 warrants, with the CEO holding 21,250 and the CFO holding 14,583 [4] - The company is relying on exemptions from formal valuation and minority approval requirements due to the fair market value of the transaction being less than 25% of the company's market capitalization [4] Company Overview - Refined Energy Corp. is a Canadian exploration company focused on uranium and critical energy metal projects in tier-one jurisdictions, with projects located in Saskatchewan's Athabasca Basin region [5]