Refined Metals Corp. announces closing of private placement financing

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VANCOUVER, British Columbia, Sept. 30, 2024 (GLOBE NEWSWIRE) — Refined Energy Company (CSE: RUU; FRA: CWA0) (“Business”) is pleased to announce the closing of its previously announced unbrokered private placement offering (“Victim”) of the Company’s units (“Units”) with an issuance of 1,750,000 Units at a price of USD 0.20 per Unit and gross proceeds of USD 350,000. Each Unit consists of one ordinary share of the Company (“Joint participation”) and one Common Share purchase warrant (“Warrant“”), each Warrant entitles you to acquire one Common Share at a price of USD 0.25 for a period of 24 months from the date of issue.

The proceeds from the Offering will be used to finance exploration activities on the Company’s projects and for general corporate purposes. No finder’s fees were charged in connection with the Offer.

All securities issued in connection with the closing of the Offering are subject to a statutory holding period expiring on January 31, 2025, which 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 (“United States Securities Act”) or any state securities laws and may not be offered or sold in the United States except in compliance with the registration requirements of the United States Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States.

About Refined Energy Corp.

Refined Energy Corp. is a junior mining company engaged in the identification, evaluation and acquisition of interests in mineral properties in North America. In addition to the Dufferin, Basin and Milner projects, Refined is also exploring the Simard Property, located in Quebec’s Lac Simard region, for lithium. The Company is also a party to an option agreement for the Horizon South Property, a prospective lithium property currently in the exploration phase located in Tonopah Nevada. The Company continues to evaluate other mineral properties in North America for possible future acquisition.

For further information please contact:

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

Forward-Looking Statements

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

In particular, this press release contains forward-looking information regarding, among others: Offers, including the anticipated use of the proceeds. Various assumptions or factors are generally used in drawing conclusions or making any forecasts or projections contained in forward-looking information, including the assumption that the Company will close the Offering on the expected date, increase the expected amount of gross proceeds from the Offering and use the proceeds from the Offering as anticipated. The above assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions made by the Company’s management, there can be no assurance that any conclusions or projections will prove to be accurate.

Although forward-looking information is based on the reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking information 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, among others: that the Company is not using the proceeds from the Offering in the manner it currently expects. The forward-looking information contained in this release is made as of the date hereof and the Company undertakes 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 law. securities laws. Due to the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The above statements expressly qualify any forward-looking information contained herein.

The Canadian Securities Exchange (CSE) has not reviewed, approved or disapproved the contents of this press release.