Radio Fuels Announces Private Placement Of $1,500,000

8/22/2024 7:15:03 PM

(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - August 22, 2024) - Radio Fuels energy Corp. (CSE: CAKE) (the " Company " or " Radio Fuels ") is pleased to announce it intends to complete a non-brokered private placement (the " Private Placement ") to raise $1,500,000 through the issuance of 11,538,462 common shares in the capital of the Company (the " Shares ", and each, a " Share ") at a price of $0.13 per Share.

The Private Placement is fully allocated and the Company intends to use the net proceeds from the Private Placement as working capital. The payment of finder's fees in connection with the Private Placement is not anticipated.

Closing of the Private Placement scheduled for August 30, 2024, is subject to regulatory approval, including the acceptance of the Canadian Securities Exchange. All Shares to be issued pursuant to the Private Placement will be subject to a statutory hold period of four months from the date of issuance.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act "), or any state securities laws, and may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Radio Fuels Energy Corp.

The Company is a junior natural resource company focused on providing exposure to uranium and other commodities through the investment, acquisition, exploration, and development of projects and companies.

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