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An update from Vortex Energy Corp. ( (TSE:VRTX) ) is now available.
Vortex Energy Corp. has announced a non-brokered private placement of unsecured convertible debentures totaling C$400,000. The debentures, with a 10% annual interest rate, will mature in 12 months and are convertible into company units prior to maturity. The proceeds will be used for general and administrative expenses and working capital. The offering is expected to close by January 24, 2025, pending necessary regulatory approvals.
More about Vortex Energy Corp.
Vortex Energy Corp. is an exploration stage company focused on acquiring, exploring, and developing mineral properties in North America. Currently, the company is advancing its Robinsons River Salt Project, which consists of 942 claims spanning 23,500 hectares.
YTD Price Performance: 12.50%
Average Trading Volume: 145,257
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.25M
See more data about VRTX stock on TipRanks’ Stock Analysis page.