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VANCOUVER, British Columbia, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Refined Energy Corp. (CSE: RUU; FRA: CWA0) (the “Company”) is pleased to announce the closing of its previously announced non-brokered private placement offering (“Offering”) of units of the Company (“Units”) with the issuance of 1,750,000 Units at a price of $0.20 per Unit for gross proceeds of $350,000. Each Unit consists of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”), whereby each Warrant entitles the holder to acquire one Common Share at a price of $0.25 for a period of 24 months from the date of issuance.

Proceeds of the Offering will be used to finance exploration activities on the Company’s projects and for general corporate purposes. No finder’s fees were payable in connection with the Offering.

All securities issued pursuant to the closing of the Offering are subject to a statutory hold period expiring January 31, 2025, being the date that is four months and one day from the date of issuance.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy of any securities in the United States.

About Refined Energy Corp.

Refined Energy Corp. is a junior mining company dedicated to identifying, evaluating and acquiring interests in mineral properties in North America. In addition to the Dufferin, Basin and Milner projects, Refined is also exploring a lithium property, the Simard Property, located in the Lac Simard region of Quebec. The Company is also party to an option agreement in respect of the Horizon South Property, a prospective, exploration-stage lithium property located in Tonopah Nevada. The Company continues to review other mineral properties in North America for possible acquisition in the future.

For further information, please contact:

Phone: (604) 398-3378
Email: [email protected]

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events.