Vortex Energy Completes Acquisition of Blue Ocean Salt Corp.
VANCOUVER, British Columbia, April 04, 2023 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX) ("Vortex” or the "Company") is pleased to announce, further to its news release dated March 7, 2023, that it has completed the acquisition of 100% of the issued and outstanding share capital of Blue Ocean Salt Corp. (“BOSC”) in consideration for an aggregate of 20,600,004 common shares in the capital of the Company.
VANCOUVER, British Columbia, April 04, 2023 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX) ("Vortex” or the "Company") is pleased to announce, further to its news release dated March 7, 2023, that it has completed the acquisition of 100% of the issued and outstanding share capital of Blue Ocean Salt Corp. (“BOSC”) in consideration for an aggregate of 20,600,004 common shares in the capital of the Company.
BOSC owns a 100% interest in and to the Robinsons River Salt Property located in the Bay St. George region of southwestern Newfoundland, which consists of four contiguous mineral licenses and is comprised of 687 claims (the “Property”). The Property is near a major Atlantic Ocean port in Newfoundland, covering 17,139 hectares.
Paul Sparkes, CEO of the Company, stated: “we are very pleased to close this transaction and be part of the thriving mining exploration industry and community in Newfoundland and Labrador. We look forward to expanding on our future plans in the province at a later date.”
About Vortex Energy Corp.
Vortex Energy Corp. is an exploration stage company engaged principally in the acquisition, 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
Paul Sparkes
Chief Executive Officer, Director
+1 (778) 819-0164
[email protected]
Cautionary Note Regarding Forward-Looking Statements
This news release includes forward-looking statements that are subject to risks and uncertainties, including with respect to the Company's business and plans. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections, or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company’s public filings under the Company’s SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.
