Vortex Energy Closes Purchase of Additional Mineral License in Newfoundland
VANCOUVER, British Columbia, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) ("Vortex” or the "Company") is pleased to announce that it has closed the previously announced purchase (the “Transaction”) of an additional mineral license contiguous to the northern border of its Robinsons River Salt Property in Newfoundland and Labrador (the “Mineral License”) from Galloper Gold Corp. (“Galloper”).
- VANCOUVER, British Columbia, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) ("Vortex” or the "Company") is pleased to announce that it has closed the previously announced purchase (the “Transaction”) of an additional mineral license contiguous to the northern border of its Robinsons River Salt Property in Newfoundland and Labrador (the “Mineral License”) from Galloper Gold Corp. (“Galloper”).
- The Company paid C$162,800 in cash and issued 750,000 common shares of the Company (“Vortex Shares”) to Galloper in connection with the closing of the Transaction.
- Paul Sparkes, Chief Executive Officer of the Company, commented, “Combining the Robinsons River Salt Property with the Mineral License will create synergies of scale and we believe will improve the exploration potential of the Robinsons River Salt Property.
- In addition, all Vortex Shares issued pursuant to the Transaction shall be subject to a statutory four-month hold period pursuant to applicable Canadian securities laws.