Vortex Energy Corp. is pleased to announce that it has shipped core samples from the initial hole drilled at the Robinsons River Salt Project to the University of Alberta. The Company's consultant, RESPEC Consulting Inc. , has conducted core logging on the cap rock and salt sections obtained from Core Hole 1 . The cap rock is predominantly anhydrite, intermixed with mudstones, while the salt rock is primarily composed of [...]
Vortex Energy Corp. is pleased to announce the completion of drill planning for the third exploration drillhole at the Robinsons River Salt Project . The Company is currently preparing for drill mobilization, scheduled to commence in April 2024. Furthermore, Vortex has been awarded a $115,500 grant from the Government of Newfoundland and Labrador, Department of Industry, Energy and Technology Mineral Incentive Program [...]
Vortex Energy Corp. is pleased to announce that it has closed its previously announced non-brokered charity flow-through private placement of common shares of the Company for gross proceeds to the Company of C$830,000.52 pursuant to an arrangement with Wealth Creation Preservation & Donation Inc. . Pursuant to the Offering, the Company issued 2,441,178 "flow-through" common shares of the Company at a price of C$0.34 per [...]
Vortex Energy Corp. is pleased to announce that it intends to complete a non-brokered charity flow through private placement of 2,441,178 common shares of the Company at a price of $0.34 per CS for aggregate gross proceeds of approximately $830,000.52 . The CS issued under the FT Offering are intended to qualify as "flow through shares" within the meaning of the Income Tax Act . The gross proceeds of the FT Offering will [...]
Vortex Energy Corp. , provides an update on drilling of the second approved core well at its Robinsons River Salt Project, located near Stephenville, Newfoundland & Labrador. The Company commenced drilling on the second core well on January 16, 2024, which was drilled in the western gravity anomaly at the Robinsons River Salt Project. The well reached a depth of 275 metres without significant issues, with the overlying [...]
Vortex Energy Corp. is pleased to announce, further to its news release on January 10, 2024, that it has extended its engagement of Financial Star News Inc. for marketing services during the month of February, commencing February 1, 2024, provided that the term of the marketing services may be extended or shortened at the discretion of management depending on, amongst other things, the efficiency of the marketing [...]
Vortex Energy Corp. is pleased to announce that the core drilling program has now recommenced at its Robinsons River Salt Project located near Stephenville, Newfoundland & Labrador. The drilling program is once again being conducted by Major Drilling Group International Inc. under the support of the Company's consultant partner, RESPEC Consulting Inc. . The Company is currently drilling core well two at the West structure [...]
Vortex Energy Corp. announces the voting results from its Annual General and Special Meeting of shareholders held on January 11, 2024 . A total of 24,260,177 were represented at the Meeting. The three nominees listed in the management information circular with respect to the Meeting were elected as directors of the Company. Shareholders also approved the Company's equity incentive plan and the amendment of the quorum [...]
Vortex Energy Corp. is pleased to announce the commencement of the clearing process for approximately 3.1 km of drill trail road in preparation for the drilling of the second core well at the Robinsons River Salt Project . The work is being completed by On Grade Construction of Stephenville, Newfoundland and Labrador, a subcontractor hired under the supervision and project management of the Company's primary consulting [...]
Vortex Energy Corp. is pleased to announce that drill and crew mobilization has begun at the Company's flagship property, the Robinsons River Salt Project , to commence drilling at the second approved core well. The Company has retained the services of the contractors involved in the drilling of the initial core well at the Project, RESPEC Consulting Inc., Major Drilling Group International Inc., and DGI Geoscience Inc [...]
Vortex Energy Corp. is pleased to announce that it has closed its previously announced non-brokered private placement financing for gross proceeds to the Company of C$1,500,000. Pursuant to the Private Placement, the Company issued 3,750,000 units of the Company at a price of $0.40 per unit . Each Unit is comprised of one common share in the capital of the Company and one Share purchase warrant , with each Warrant [...]
Vortex Energy Corp. announces that it intends to complete a non-brokered private placement financing of up to 3,750,000 units of the Company at a price of $0.40 per Unit for aggregate gross proceeds of up to $1,500,000. Each Unit shall consist of one common share in the capital of the Company and one , with each Warrant entitling the holder thereof to purchase a Share at an exercise price of $0.50 for a period of 24 [...]
