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VANCOUVER, British Columbia, Oct. 27, 2025 (GLOBE NEWSWIRE) — Refined Energy Corp. (CSE: RUU | OTC: RRUUF | FRA: CWA0) (“exquisite” or “Company“) announces its intention to complete its non-brokered private placement financing (“Private placement“) minimum 9,500,000 units of the Company (“Units“”) and up to a maximum of 10,000,000 Units at a price of $0.20 per Unit for aggregate gross proceeds of at least $1,900,000 (“Minimum amount“) up to 2,000,000 US dollars.
Each Share consists of one ordinary share in the capital of the Company (“Share“) and one warrant to purchase Shares (“Order“), each warrant entitles the holder thereof to purchase a Share at an exercise price of $0.25 for a period of 24 months from the date of issuance, provided that the warrants are subject to a 60-day hold period from the date of closing of the private placement during which time they may not be exercised.
The closing of the private placement is expected to occur on or about November 14, 2025. The Closing is subject to the satisfaction of certain conditions, including, without limitation, the receipt of all necessary regulatory and other approvals and the Company's receipt of a minimum amount from the private placement through the issuance of a minimum of 9,500,000 Units. The net proceeds from the private placement are intended to be used for exploration and evaluation expenses of the Company's Dufferin Project (and to make necessary payments to maintain the Company's interest in the Dufferin Project in good standing) and for general working capital purposes.
Subject to applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“Prospectus Exemptions”).IS 45-106“) and Joint General Order 45-935. Exceptions to certain conditions of a listed issuer's exemption from financingUnits issued in the private placement will be offered for sale to purchasers located in all Canadian provinces (except Quebec) in accordance with the listed issuer's financing exemption under Part 5A.2 of NI 45-106 (“LIFE liberationBecause the private placement must be completed pursuant to the LIFE tax exemption, the securities issued to Canadian resident subscribers in the private placement will not be subject to restrictions on resale under applicable Canadian securities laws.
There is an offering document dated October 27, 2025 in connection with the private placement, which can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at https://refinedenergy.com. This offering document contains additional information regarding the private placement, including additional information regarding the expected use of proceeds from the private placement. Prospective investors should read this offering document before making an investment decision.
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any United States state securities laws and may not be offered or sold in the United States absent registration or an exception to such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Refined Energy Corporation
Refined is a junior mining company focused on identifying, evaluating and acquiring interests in mineral properties in North America. The Dufferin project in the Athabasca Basin is Refined's flagship project, with a drilling program planned for 2026. Refined also has an option to acquire up to 100% interest in the Basin and Milner uranium deposits in Saskatchewan. The Company continues to evaluate other mineral properties in North America for possible acquisition in the future.
For more information please contact
Eli Dusenbury
Financial Director
+1 (604) 398-3378
[email protected]
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future results. The use of any words “may”, “intends”, “expects”, “believes”, “will”, “predicts”, “estimates” and similar expressions and statements regarding matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions regarding the outcome and timing of such future events.
In particular, this press release contains forward-looking information relating to, among other things, the private placement, including the total expected proceeds, the expected use of proceeds and the closing (including the proposed closing date) of the private placement, and the Company's planned 2025 drilling program at the Dufferin Project, including its timing. In drawing conclusions or making the projections or projections set forth in forward-looking information, various assumptions or factors are generally applied, including the assumption that the Company will close the private placement within the expected time frame, collect the expected amount of gross proceeds from the private placement, use the proceeds from the private placement as expected and complete the Company's planned 2025 drilling program at the project Dufferin within the currently expected time frame. These assumptions and factors are based on information currently available to the Company. Although such statements are based on the reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include: the risk that the private placement will not close within the expected time frame or at all; the risk that the Company will raise less than the maximum permissible gross proceeds from the private placement; the risk that the Company will not use the proceeds of the private placement as currently expected; risks inherent in mineral exploration and development, including risks associated with changes in project parameters as plans continue to be revised and the risk that exploration and development activities will cost more than the amount the Company has budgeted for such activities; risks associated with changes in mineral prices and global mineral supply and demand; risks associated with increased competition and current global financial conditions; access and supply risks; risks associated with the Company's dependence on key personnel; operational risks; regulatory risks, including risks associated with obtaining necessary licenses and permits; financing, capitalization and liquidity risks; title and environmental risks; and risks associated with failure to obtain all required regulatory approvals. The forward-looking information contained in this press release is made as of the date hereof, and the Company is under no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
The Canadian Securities Exchange (CSE) has not reviewed, approved or disapproved of the contents of this press release.
