Refined Energy closes $2-million private placement

Executive Summary

• Refined Energy Corp. has closed a previously announced non-brokered private placement, raising C$2 million in gross proceeds.
• The company issued 10 million units at a price of C$20 cents per unit, with each unit comprising one common share and one share purchase warrant.
• Net proceeds are designated for exploration and evaluation expenditures at the Dufferin project, maintaining the project's standing, and for general working capital.

Key Details

• Gross Proceeds: C$2,000,000.
• Units Issued: 10,000,000 units.
• Price Per Unit: C$0.20.
• Warrant Terms: Each unit includes one share purchase warrant.
  • Exercise Price: C$0.25 per share.
  • Expiration Date: November 7, 2027.
  • Hold Period: Warrants are subject to a hold period expiring on January 6, 2026, during which they may not be exercised.
• Use of Proceeds:
  • Exploration and evaluation expenditures at the Dufferin project.
  • Payments to maintain the company's interest in the Dufferin project in good standing.
  • General working capital purposes.
• Regulatory Basis: The offering was completed pursuant to the Listed Issuer Financing Exemption (LIFE) under National Instrument 45-106, as modified by Coordinated Blanket Order 45-935.
• Resale Restrictions: Securities issued to Canadian resident subscribers are not subject to certain resale restrictions under applicable Canadian securities laws, aside from the specified hold period.
• Offering Document: An offering document dated October 27, 2025, is available on SEDAR+ and the company's website.