VANCOUVER, British Columbia, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Refined Energy Corp. (CSE:RUU, OTC:RRUUF, FRA: CWA0)) ("Refined" or the "Company") announces that it intends to complete a non-brokered "charity flow-through" private placement (the "CFT Private Placement") of a minimum of 1,428,572 units of the Company ("Units") and a maximum of 1,904,762 Units, at a price of $1.05 per Unit, for aggregate anticipated gross proceeds of a minimum of $1,500,000.60 (the "Minimum Amount") and a maximum of up to $2,000,000.10.
Each Unit shall consist of one "flow-through" common share in the capital of the Company (a "FT Share") and one common share purchase warrant ("Warrant"), with each Warrant entitling the holder thereof to purchase one common share in the capital of the Company ("Common Share") at a price of $1.05 for a period of 24 months, provided that the Warrants will be subject to a 60-day hold period from the date of the closing of the CFT Private Placement during which time they may not be exercised.
The FT Shares issued under the CFT Private Placement are intended to qualify as "flow-through shares" within the meaning of the Income Tax Act (Canada) (the "Tax Act"). Upon exercise of the Warrants, the underlying Common Shares will not be issued as "flow-through shares" within the meaning of the Tax Act.
Closing of the CFT Private Placement is anticipated to occur on or about February 13, 2026. Closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals and the Company raising the Minimum Amount.
The gross proceeds of the CFT Private Placement will be used by the Company to incur eligible "Canadian exploration expenses" that are intended to qualify as "flow-through critical mineral mining expenditures", as such terms are defined in the Tax Act, at the Company's Dufferin Project, including to fund the expenditures of the Company's phase one exploration program at the Dufferin Project, which is expected to commence in the first quarter of 2026.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions ("NI 45-106") and the Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, the Units issuable under the CFT Private Placement will be offered for sale to purchasers resident in all of the provinces of Canada pursuant to the ...
