Refined Metals (TSE:RUU) has released an update.
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Refined Energy Corp. is launching a non-brokered private placement to raise up to C$200,000 and plans to use these funds for general working capital. Additionally, the company aims to settle a debt of C$155,907 through the issuance of over 1.5 million units to two company executives. The private placement and debt settlement, subject to regulatory approvals, are anticipated to be completed by May 31, 2024.
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