Refined Energy arranges minimum $1.9M private placement

Executive Summary

• Refined Energy Corp. announced a non-brokered private placement of up to 10 million units at $0.20 per unit, targeting gross proceeds between $1.9 million and $2.0 million.
• Each unit consists of one common share and one warrant exercisable at $0.25 for 24 months, subject to a 60-day hold period.
• Net proceeds are designated for exploration and evaluation expenditures at the Dufferin project, maintaining the project's interest in good standing, and general working capital.

Key Details

• Transaction Structure: Non-brokered private placement.
• Units Offered: Minimum of 9.5 million units; maximum of 10 million units.
• Price: $0.20 per unit.
• Gross Proceeds: Minimum $1.9 million; maximum $2.0 million.
• Warrant Terms: Each unit includes one share purchase warrant.
  • Exercise Price: $0.25 per share.
  • Term: 24 months from issuance.
  • Hold Period: 60 days from closing (warrants cannot be exercised during this period).
• Closing Date: Anticipated on or about November 14, 2025.
• Conditions Precedent: Receipt of necessary regulatory approvals and raising the minimum amount ($1.9M) via issuance of at least 9.5 million units.
• Use of Proceeds:
  • Exploration and evaluation expenditures at the Dufferin project.
  • Payment to maintain the company's interest in the Dufferin project in good standing.
  • General working capital.
• Regulatory Exemption: Offered pursuant to the Listed Issuer Financing Exemption (LIFE) under National Instrument 45-106 and Coordinated Blanket Order 45-935.
• Resale Restrictions: Securities issued to Canadian resident subscribers are not subject to resale restrictions under applicable Canadian securities laws.
• Geographic Scope: Available to purchasers resident in all Canadian provinces except Quebec.
• Offering Document: Available via SEDAR+ and the company website, dated October 27, 2025.