
Vortex Energy Corp. Announces Closing of LIFE Offering
GlobeNewsWire
Published: Jul 13, 2026, 09:46 PM
Sentiment Analysis
Vortex Energy Corp. announces that it has closed its previously announced non-brokered private placement financing. The Company issued an aggregate of 5,000,000 units of the Company at a price of $0.30 per Unit for gross proceeds of $1,500,000. Each Unit is comprised of one common share and one Share purchase warrant. Each Warrant entitles the holder to purchase one Share at an exercise price of $0.45 for a period of 24 months from the closing date of the Private Placement. The Warrants are subject to a 60-day hold period. The net proceeds of the Private Placement are intended to be used to fund the Company’s ongoing operations, including exploration activities at the Robinsons River Salt Property and Fire Eye Property in the form of sampling, geophysical surveys, exploration reporting and mapping, for general and administrative expenditures, including investor awareness and promotional expenditures and general working capital purposes. There is an offering document dated June 30, 2026, related to the Private Placement that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.vortexenergycorp.com. This offering document contains additional details regarding the Private Placement, including details regarding the expected use of proceeds from the Private Placement. The Company issued 336,000 finder’s warrants in connection with the closing of the Private Placement.
Source: GlobeNewsWire
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