Vortex Metals Issues Correction to Previously Closed Non-Brokered Private Placement
Vortex Metals Issues Correction to Previously Closed Non-Brokered
Private Placement
VANCOUVER, BC
,
May 14, 2024
/CNW/ - Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) ("Vortex" or the "Company")
announces a correction regarding the TSX Venture Exchange (the "Exchange") bulletin dated
May 07, 2024
regarding the previously closed private
placement on
April 25th, 2024
.
The Company has informed the Exchange that it inadvertently excluded 360,000 units subscribed by an investor. These units have now been
issued and included in the final tally.
As a result, the updated details of the private placement are as follows: 19,729,411 common shares and 9,864,706 share purchase warrants,
with the total amount raised in the private placement being
C$1,775,646.99
.
All other information remains unchanged.
About Vortex Metals Inc.
Vortex Metals Inc. is the parent company of Mexican subsidiary Empresa Minera Acagold, S.A. de C.V., which is the owner of a 100% interest in
two drill-ready high-potential copper volcanogenic massive sulfide (VMS) properties (
Riqueza Marina
and
Zaachila
) in the state of
Oaxaca
, and a
third high-potential gold property (El Rescate) in the state of
Puebla
. The
Oaxaca
projects incorporate the most highly prospective areas of high-
grade copper mineralized surface exposures ('gossans') and prominent gravity anomalies along an emerging copper VMS belt that includes
Minaurum Gold's (TSXV:MGG)
Santa Marta
project.
Forward-Looking Statements
This press release may contain forward looking statements that are made as of the date hereof and are based on current expectations, forecasts
and assumptions which involve risks and uncertainties associated with our business including permitting approvals, any private placement
financings, the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures,
operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations,
plans and references to the Company's future successes with its business and the economic environment in which the business operates. All such
statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian
securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements.
By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution
readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or
conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the
Company's continuous disclosure documents that can be found on SEDAR at
www.sedar.com
. The Company does not intend, and disclaims any
obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or
otherwise.
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 release.
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SOURCE
Vortex Metals
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For further information:
For further information regarding this press release contact: Vikas Ranjan, Chief Executive Officer and Director, Email:
[email protected], Phone: 416-605-7024
CO: Vortex Metals
CNW 17:00e 14-MAY-24