Vortex Energy Corp. Announces Listed Issuer Financing Exemption (LIFE) Private Placement

Core Points - Vortex Energy Corp. plans to complete a non-brokered private placement financing of a minimum of 2,190,000 common shares and up to a maximum of 4,000,000 common shares at an issue price of $0.25 per share, aiming for minimum gross proceeds of $547,500 and maximum gross proceeds of $1,000,000 [1][2][8] Group 1 - The closing of the private placement is anticipated on or about May 22, 2025, subject to necessary regulatory approvals [2][8] - The net proceeds from the private placement will be used for exploration activities at the Robinson River Salt and Fire Eye Projects, as well as for general administrative expenditures and working capital [2][4] - The common shares will be offered for sale to purchasers in all provinces of Canada except Quebec, under the listed issuer financing exemption [3][4] Group 2 - Vortex Energy Corp. is engaged in the acquisition, exploration, and development of mineral properties in North America, focusing on the Robinson River Salt Project and the Fire Eye Uranium Property [6][8] - The Robinson River Salt Project consists of 942 claims covering 23,500 hectares, located approximately 35 kilometers south of Stephenville, Newfoundland & Labrador, and is prospective for salt and hydrogen salt cavern storage [6][8]