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Vortex Energy Corp. Closes Listed Issuer Financing Exemption (LIFE) Private Placement
GlobeNewswire·2025-05-22 22:41

Core Points - Vortex Energy Corp. has successfully closed a non-brokered private placement financing, issuing 4,000,000 common shares at C0.25pershare,resultingingrossproceedsofC0.25 per share, resulting in gross proceeds of C1,000,000 [1][2] Group 1: Financing Details - The net proceeds from the private placement will be allocated to fund exploration activities at the Robinson River Salt and Fire Eye Projects, as well as for general administrative expenditures and working capital [2] - The common shares were offered under the National Instrument 45-106, specifically the listed issuer financing exemption, allowing for sale to purchasers in all Canadian provinces except Québec, with no resale restrictions [3] Group 2: Company Overview - Vortex Energy Corp. is focused on the acquisition, exploration, and development of mineral properties in North America, particularly advancing the Robinson River Salt Project and the Fire Eye Uranium Property [6]