Vortex Metals Upsizes Non-Brokered Private Placement to $1,400,000 Due to Investor Demand
Vortex Metals Upsizes Non-Brokered Private
Placement to $1,400,000 Due to Investor
Demand
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2026) - Vortex Metals Inc. (TSXV: VMS)
(OTCQB: VMSSF) (FSE: DM8) ("
Vortex
" or the "
Company
") announces that due to significant
demand, it has increased the size of its previously announced non-brokered private placement of
securities (the "
Offering
") from up to 20,000,000 units (the "
Units
") to up to 28,000,000 Units at a price
of $0.05 per Unit, resulting in aggregate gross proceeds of up to $1,400,000 under the Offering.
The Company closed the first tranche of the Offering on August 11, 2026 through the issuance of
9,710,000 Units for gross proceeds of $485,500. The Company intends to close a second tranche of up
to 18,290,000 Units for gross proceeds of up to $914,500 by October 24, 2026 (the "
Second
Tranche
"), in accordance with an extension granted by the TSX Venture Exchange ("
TSXV
").
Each Unit will consist of one common share of the Company (a "
Share
") and one-half of one common
share purchase warrant (each whole warrant, a "
Warrant
"). Each 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 $0.06 per Share, subject to adjustment in certain events.
The expiry date of the Warrants will be subject to acceleration such that, if after 12 months from the date
of issuance, the closing price of the Shares on any Canadian stock exchange equals or exceeds $0.20
for 10 consecutive trading days, the Company, within 15 business days of such event, shall be entitled to
accelerate the expiry date of the Warrants to a date that is 30 calendar days from the date that notice of
such acceleration is given via news release by the Company (the "
Accelerated Exercise Period
"), with
the new expiry date specified in such news release; any unexercised Warrants shall automatically expire
at the end of the Accelerated Exercise Period.
The net proceeds from the Offering will be used to advance exploration activities at the Company's
projects in Chile and Mexico, pursue corporate development initiatives and for general working capital.
The Company may pay finders' fees comprised of cash and non-transferable Share purchase warrants
in connection with the Second Tranche, subject to compliance with the policies of the TSXV.
For more information on the Offering, please refer to the Company's news releases dated July 9, 2026,
August 11, 2026 and August 20, 2026.
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 receipt of further subscriptions and all necessary
corporate and regulatory approvals, including the approval of the TSXV.
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 an 80%
interest in the brownfield Illapel Copper Project in Chile and, through its Mexican subsidiary Empresa
Minera Acagold, S.A. de C.V., owns a 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 sustainably.
Vortex is led by an experienced management and technical team with a proven track record of
exploration success and shareholder value creation. The Company's leadership combines deep
technical, operational and capital markets expertise focused on creating long-term shareholder value
through the discovery and advancement of significant copper deposits.
Contact Information:
Vikas Ranjan, Director
Thibault White, President
Tyler LeSage, Corporate Communications
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) 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 receipt of required regulatory approvals for 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 outlook that is incorporated by reference herein, except in
accordance with applicable securities laws. We seek safe harbor.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/315347