Refined Energy Corp. Closes C$1,500,000 Charity Flow-Through Private Placement
Globenewswire·2026-02-13 22:00

Core Viewpoint - Refined Energy Corp. has successfully completed a non-brokered "charity flow-through" private placement, raising gross proceeds of C$1,500,000.60 through the issuance of 1,428,572 units at a price of C$1.05 per unit [1][4]. Group 1: Private Placement Details - Each unit consists of one "flow-through" common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at a price of C$1.05 until February 13, 2028, subject to a hold period until April 14, 2026 [2]. - The gross proceeds will be utilized for eligible "Canadian exploration expenses" related to the Dufferin Project, including funding the phase one exploration program expected to start in Q1 2026 [4]. Group 2: Regulatory and Compliance Information - The private placement was completed under the listed issuer financing exemption, meaning the securities issued are not subject to a hold period under Canadian securities laws [5]. - The offering document dated January 20, 2026, contains additional details regarding the private placement and the expected use of proceeds, accessible on the company's profile and website [6]. Group 3: Company Overview - Refined Energy Corp. is a junior mining company focused on acquiring and evaluating mineral properties in North America, with the Dufferin Project being its flagship project [8].