Share Purchase Warrant
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Refined Energy Corp. Announces Private Placement
Globenewswireยท 2025-10-27 22:50
Core Points - Refined Energy Corp. plans to conduct a non-brokered private placement financing of a minimum of 9,500,000 units and a maximum of 10,000,000 units at a price of $0.20 per unit, aiming for gross proceeds between $1,900,000 and $2,000,000 [1][3] Financing Details - Each unit will consist of one common share and one share purchase warrant, with the warrant allowing the purchase of a share at $0.25 for 24 months, subject to a 60-day hold period post-closing [2] - The anticipated closing date for the private placement is around November 14, 2025, contingent on regulatory approvals and raising the minimum amount [3] Use of Proceeds - The net proceeds from the private placement will be allocated for exploration and evaluation expenditures at the Dufferin Project and for general working capital [3] Regulatory Compliance - The units will be offered to purchasers in all Canadian provinces except Quebec, under the listed issuer financing exemption, meaning the securities will not have resale restrictions [4] Company Overview - Refined Energy Corp. is a junior mining company focused on mineral properties in North America, with the Dufferin Project being its flagship project and a drill program planned for 2026 [7]