Vortex Metals Announces Non-Brokered Private Placement
Vortex Metals Announces Non-Brokered
Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 10, 2025) - Vortex Metals Inc. (TSXV: VMS)
(FSE: DM8) (OTCQB: VMSSF) ("
Vortex
" or the"
Company
") is pleased to announce a non-brokered
private placement (the "
Offering
") for gross proceeds of up to $1,000,000 comprising of 12,500,000
units (each, a "
Unit
") at a price of $0.08 per Unit.
Each Unit will consist of one common share in the capital of the Company (a "
Common Share
") and
one-half of one common share purchase warrant (each whole warrant, a "
Warrant
"). Each Warrant will
be exercisable into one Common Share at a price of $0.12 per Warrant for a period of two years from
the date of issuance.
The Company intends to use the proceeds for exploration activities at the Company's Illapel Copper
Project in Chile and for general working capital purposes.
All securities issued with respect to the Offering will be subject to a hold period of four months and one
day from the date of issuance in accordance with applicable securities laws. Closing of the Offering is
subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange (the
"
Exchange
"). The Offering may close in multiple tranches as subscriptions are received. Finders' fees
may be payable in connection with the sale of the Units in accordance with the policies of the Exchange.
None of the securities sold under the Offering have been and will not be registered under the United
States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United
States absent registration or an applicable exemption from the registration requirements. This news
release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale
of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be
unlawful.
About Vortex Metals Inc.
Vortex Metals Inc. is a copper focused exploration and development company with a diversified portfolio
of exploration projects in Chile and Mexico. Vortex holds an option to acquire up to 80% interest in the
brownfield Illapel Copper Project in Chile and through its Mexican subsidiary Empresa Minera Acagold,
S.A. de C.V., it owns 100% interest in two drill-ready high-potential copper-gold volcanogenic massive
sulfide (VMS) properties, Riqueza Marina and Zaachila, in Oaxaca, Mexico. The Company emphasizes
responsible exploration, community engagement, and environmental stewardship to meet the rising
global demand for copper.
Contact Information:
Vikas Ranjan, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Forward-Looking Statements
This release
includes
certain
statements
and
information
that
may
constitute
forward-looking information within the meaning of applicable
Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of
management of the Company regarding future events. Generally, forward-looking statements and information can be identified
by
the
use
of
forward-looking
terminology
such
as
"intends"
or
"anticipates",
or variations of such words and phrases or statements that certain actions, events
or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward-looking statements",
are not historical facts, are made as of the date of this news release and
include
without
limitation,
statements
regarding
discussions
of
future
plans,
estimates
and forecasts and statements as to management's expectations and intentions with respect to, among other things: the
completion of the Offering, the anticipated proceeds to be raised under the Offering; the intended use of proceeds raised under the Offering; and
the potential payment of finder's fees in connection with the Offering.
These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially
from
results
suggested
in
any
forward-looking
statements.
These
risks
and uncertainties
include,
among
other
things:
delays
in
obtaining
or
failure
to
obtain
the
required
regulatory approvals for the Offering; market uncertainty; the inability of the Company to complete the Offering on the terms disclosed, or at all; the
inability of the Company to raise the anticipated proceeds under the Offering; and changes in the Company's business plans impacting the
intended use of proceeds raised under the Offering.
In making the forward looking statements in this news release, the Company has applied several material
assumptions,
including
without
limitation,
that:
the
Company
will
obtain
the
required regulatory approvals for the Offering; the Company will be able to complete the Offering on
the terms disclosed; the Company will be able to raise the anticipated proceeds under the Offering; and the Company will use the proceeds of the
Offering as currently anticipated. Although management of the Company has attempted to identify important factors that could cause actual results
to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual
results and
future
events
could
differ
materially
from
those
anticipated
in
such
statements. Accordingly, readers should not place undue reliance
on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate
for other
purposes.
The Company
does
not
undertake
to
update
any
forward-looking
statement, forward-looking information or financial outlook that
are incorporated by reference herein, except in accordance with applicable securities laws.
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DISSEMINATION IN THE UNITED STATES
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