Vortex Energy Corp. Issues Restricted Share Units
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Vortex Energy Corp. Issues Restricted Share Units
January 20, 2022
Vancouver, B.C. – Vortex Energy Corp. (“Vortex” or the “ Company”) announces that it has granted 2,225,000
restricted share units (“RSUs”), to certain consultants and directors of the Company. The RSUs granted shall vest in
equal quarterly installments. Each vested RSU entitles the holder to receive one common share of the Company.
Certain insiders received RSUs, which grants represented related -party transactions under Multilateral Instrument
61-101 - Protection of Minority Security Holders in Special Transactions (“ MI 61-101”). However, such transactions
were exempt from the formal valuation and minority shareholder approval requirements of MI 61 -101 as neither
the fair market value of the subject matter of the transaction, nor the consideration, exceeded 25% of Vortex’s
market capitalization.
About Vortex Energy Corp.
Vortex Energy Corp. is an exploration stage company engaged principally in the acqu isition, exploration, and
development of mineral properties in North America. Its flagship asset, The Fire Eye Project, is located in the
Wollaston Domain of northern Saskatchewan, Canada. The Company is working to advance this project while
continuing to assess other energy metal properties.
On Behalf of the Board of Directors
Kirk Hollohan
Chief Executive Officer, Director
+1 (778) 819-0164
Disclaimer for Forward-Looking Information
This news release contains certain forward -looking statements within the meaning of applicable securities laws. All statements
that are not historical facts, including without l imitation, statements regarding future estimates, plans, programs, forecasts,
projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the date on
which the Shares are expected to begin trading on the CSE are "forward-looking statements". These forward-looking statements
reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking
statements are subject to a number of risks and unce rtainties, including those detailed from time to time in filings made by the
Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the
forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance
on such forward-looking statements. The forward -looking statements and information contained in this news release are made
as of the date hereof and the Company undertakes no obli gation to update publicly or revise any forward -looking statements or
information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.