Vortex Metals Announces Non-Brokered Private Placement
Vortex Metals Announces Non-Brokered
Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2025) - Vortex Metals Inc. (TSXV: VMS)
(FSE: DM8) (OTCQB: VMSSF) ("
Vortex
" or the"
Company
") announces a non-brokered private
placement of securities to raise total gross proceeds up to $600,000 (the "
Offering
"). The Offering will
be comprised of units (the "
Units
") to be sold at a price of $0.04 per Unit.
Each Unit will be comprised of one common share of the Company (a "
Share
") and one-half of one
common share purchase warrant (a "
Warrant
"). Each whole Warrant will entitle the holder thereof to
purchase one additional Share for a period of 36 months from the date of issuance at an exercise price
of $0.08 per Share. A maximum of 15,000,000 Units will be issued in the Offering.
The Warrants will be subject to an acceleration clause which allows the Company to accelerate the
expiry date of the Warrants if after 18 months from the date of issuance, the trading price of the Shares
exceeds $0.15 for a period of 10 consecutive days.
Vortex intends to allocate the gross proceeds raised from the sale of the Units as follows: approximately
40% to pay for mining concession fees, approximately 40% to pay for exploration fees and remaining
20% for general working capital purposes.
The Company may pay finders' fees comprised of cash and non-transferable Share purchase warrants
in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange (the
"
TSXV
").
All securities issued under the Offering will be subject to a hold period expiring four months and one day
from the date of issuance in accordance with applicable securities laws. Completion of the Offering and
the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals,
including the approval of the TSXV. The Offering may close in multiple tranches as subscriptions are
received.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States of America. The securities have not been and will not be registered under
the United States Securities Act of 1933, as amended (the "
1933 Act
"), or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act)
unless registered under the 1933 Act and applicable state securities laws, or an exemption from such
registration is available.
About Vortex Metals Inc.
Vortex Metals Inc. is a copper-gold 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 news 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 finders' 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; changes in the Company's business plans impacting the intended
use of proceeds raised under the Offering; and the state of the financial markets for the Company's securities.
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 and on the timeline currently expected. 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 out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe
harbor.
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DISSEMINATION IN THE UNITED STATES
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