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VANCOUVER, British Columbia, June 30, 2026 (GLOBE NEWSWIRE) — Vortex Energy Corp. (CSE: VRTX) (OTC: VTECF) (FSE: AA3) (“Vortex” or the “Company”) announces that it intends to complete a non-brokered private placement financing (the “Private Placement”) of a minimum of 2,280,000 units of the Company (the “Units”) and up to a maximum of 5,000,000 Units, at a price of $0.30 per Unit, for minimum gross proceeds of $684,000 and maximum gross proceeds of up to $1,500,000. Completion of the Private Placement will be contingent upon the Company issuing a minimum of 2,280,000 Units for minimum gross proceeds of $684,000.
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Each Unit shall consist of one common share (each a “Share”) and one Share purchase warrant (each a “Warrant”), with each Warrant entitling the holder to purchase one Share at an exercise price of $0.45 for a period of 24 months. The Warrants will be subject to a 60-day hold period.
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Closing of the Private Placement is anticipated to occur on or about July 27, 2026, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. The net proceeds of the Private Placement are intended to be used for to fund the Company’s ongoing operations, including exploration activities at the Robinsons River Salt Property and Fire Eye Property in the form of sampling, geophysical surveys, exploration reporting and mapping, for general and administrative expenditures, including investor awareness and promotional expenditures and general working capital purposes.
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Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus
Exemptions (“NI
45-106”), the Units issuable under the Private Placement will be offered for sale to purchasers resident in all of the provinces of Canada (except Quebec) pursuant to the listed issuer financing exemption under Part 5A.2 of NI 45-106. Pursuant to NI 45-106, the securities issued to Canadian resident subscribers under the Private Placement will not be subject to resale restrictions (with the exception of the Warrants, which, as noted above, will be subject to a 60 day hold period).
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There is an offering document dated June 30, 2026 related to the Private Placement that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.vortexenergycorp.com. This offering document contains additional details regarding the Private Placement, including details regarding the expected use of proceeds from the Private Placement. Prospective investors should read this offering document before making an investment decision.
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The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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About
Vortex
Energy
Corp.
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Vortex Energy Corp. is an exploration stage company engaged principally in the acquisition, exploration, and development of mineral properties in North America. The Company is currently advancing its Robinson River Salt Project comprised of a total of 942 claims covering 23,500 hectares located approximately 35 linear kms south of the town of Stephenville in the Province of Newfoundland & Labrador. The Robinson River Salt Project is prospective for both salt and hydrogen salt cavern storage. The Company is also currently advancing its Fire Eye Uranium Property in the Athabasca Basin, a region renowned for its uranium deposits.
English (US)