Refined Energy Corp. Closes Private Placement for Gross Proceeds of C$2M

Executive Summary

• Refined Energy Corp. closed a non‑brokered private placement raising $2,000,000 in gross proceeds.
• The company issued 10,000,000 units at $0.20 per unit, each unit consisting of one common share and one warrant to purchase an additional share at $0.25 (exercise period until 7 Nov 2027, with a hold period expiring 6 Jan 2026).
• Net proceeds are earmarked for exploration and evaluation expenditures at the Dufferin Project, maintaining project interest, and general working capital.

Key Details

• Units Issued: 10,000,000 units @ $0.20 per unit → $2,000,000 gross proceeds.
• Unit Composition:
• 1 common share (“Share”)
• 1 warrant (“Warrant”) to purchase an additional Share at $0.25 per Share.
• Warrant Terms: Exercise price $0.25; exercisable until 7 Nov 2027; subject to a hold period ending 6 Jan 2026 during which warrants cannot be exercised.
• Financing Structure: Non‑brokered private placement under the Listed Issuer Financing Exemption (LIFE) of NI 45‑106, offered to Canadian residents (excluding Quebec).
• Use of Proceeds:
• Exploration and evaluation work at the Dufferin Project (Athabasca Basin).
• Payments required to keep the Company’s interest in the Dufferin Project in good standing.
• General working capital.
• Offering Document: Dated 27 Oct 2025, available on SEDAR and the Company website.
• Regulatory Notes: Securities not registered under U.S. securities laws; offering limited to jurisdictions where lawful.

Notable Quotes

(No direct quotes were provided in the release.)