On August 22, 2024 at 5:00 PM EDT, a statement was released by Radio Fuels Energy Corp., based in Vancouver, British Columbia. The company, known as Radio Fuels Energy Corp. (CSE: CAKE), announced its plan to conduct a non-brokered private placement to raise $1,500,000 through the issuance of 11,538,462 common shares at a price of $0.13 per share.
The Private Placement has been fully allotted, and the net proceeds from it will be used as working capital. Finder’s fees are not expected to be paid in connection with the Private Placement. The closing of the Private Placement, scheduled for August 30, 2024, is contingent upon regulatory approval, including acceptance by the Canadian Securities Exchange. All shares issued through the Private Placement will be subject to a four-month hold period from the date of issuance.
It should be noted that the securities mentioned in this release have not been registered under the United States Securities Act of 1933 or any state securities laws. Therefore, they may not be offered or sold within the United States except in compliance with the registration requirements or available exemptions. This press release is not an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where it would be unlawful.
Radio Fuels Energy Corp. is a junior natural resource company that focuses on providing exposure to uranium and other commodities through investment, acquisition, exploration, and development of projects and companies. The Canadian Securities Exchange and its Market Regulator do not accept responsibility for the accuracy or adequacy of this release.
Cautionary statements regarding forward-looking information were also included in the release. This news release contains forward-looking statements that are based on certain assumptions and estimates. The actual results may differ from the anticipated results due to various factors. Radio Fuels Energy Corp. does not assume any obligation to update its forward-looking statements based on changing circumstances, except as required by applicable securities laws.
