Refined Energy Corp. extended expiry date of warrants by one year to November 29, 2025

From GlobeNewswire: 2024-11-14 18:53:00

Refined Energy Corp. has extended the expiry date of 2,598,335 outstanding common share purchase warrants by one year to November 29, 2025. The warrants were originally issued in November 2021 at $0.12 per unit and each unit contained one common share and one warrant exercisable at $0.15 until November 29, 2024. After two consolidations, the warrants are now exercisable at $0.60 into a share. Two insiders hold 35,833 warrants, and the warrant amendment is considered a related party transaction. The Company aims to provide an extended opportunity for warrant exercise and ownership participation.

Refined Energy Corp. is a junior mining company focused on mineral properties in North America, including the Dufferin Project and uranium properties in Saskatchewan. The company is considering acquiring other mineral properties in the future. The forward-looking statements in the press release relate to the proposed warrant amendment, with assumptions that the Canadian Securities Exchange will accept it. Investors are advised not to rely solely on forward-looking information due to potential risks and uncertainties. The Canadian Securities Exchange has not approved the contents of the press release.



Read more at GlobeNewswire: Refined Energy Corp. to Amend Expiry Date of Warrants