August 30, 2024 5:30 PM EDT | Source: Radio Fuels Energy Corp.
Vancouver, British Columbia–(Newsfile Corp. – August 30, 2024) – Radio Fuels Energy Corp.(CSE: CAKE) (the “Company” or “Radio Fuels”) is pleased to announce the successful closure of its non-brokered private placement (the “Private Placement”). The Company issued 11,538,462 common shares at a price of $0.13 per share, resulting in proceeds of $1,500,000. No finder’s fees were applicable to the Private Placement, and the Company intends to utilize the proceeds as working capital. All shares issued are subject to a statutory hold period expiring on December 31, 2024.
The securities mentioned in this announcement have not been registered under the United States Securities Act of 1933, as amended (U.S. Securities Act), or any state securities laws. As a result, they may not be offered or sold within the United States unless in compliance with the registration requirements of the U.S. Securities Act or applicable state securities laws. This press release is not an offer to sell nor a solicitation of an offer to buy, and there shall be no sale of the securities in any jurisdiction where it would be unlawful.
About Radio Fuels Energy Corp.
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 projects and companies.
Neither the Canadian Securities Exchange nor its Market Regulator accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward-Looking Information
This news release includes forward-looking statements within the meaning of applicable securities legislation. These forward-looking statements are based on certain assumptions and estimates and are subject to significant business, economic, competitive, political, and social uncertainties and contingencies. Actual results could differ materially from those anticipated in these forward-looking statements. The Company does not assume any obligation to update these forward-looking statements, beliefs, opinions, or projections, except as required by applicable securities laws.
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