Vortex Energy Corp. Closes C$400,000 Private Placement of Convertible Debentures

Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3), an exploration stage company engaged in the acquisition, exploration, and development of mineral properties in North America, has announced the closing of a non-brokered private placement of unsecured convertible debentures. The company raised C$400,000 in aggregate gross proceeds from the Offering, which will be used for general and administrative expenditures, including for general working capital purposes.

The Convertible Debentures were sold in principal amounts of C$1,000 and will mature on January 24, 2026. They bear interest at a rate of 10% per annum, calculated quarterly in arrears and payable on the Maturity Date. The principal amount of each Convertible Debenture, plus any accrued interest, is convertible into units of the Company ("Units") at the election of the holder on, or at any time prior to, the Maturity Date at a conversion price equal to the greater of (i) the most recent closing price of the common shares of the Company ("Common Shares") on the Canadian Securities Exchange prior to the time at which the holder delivers notice of conversion to the Company and (ii) $0.05. Each Unit shall be comprised of one Common Share and one Common Share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to acquire one Common Share at an exercise price equal to 110% of the Market Price for a period of 24 months from the date of issuance.

Vortex Energy Corp. is currently advancing its Robinsons 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 project is prospective for both salt and hydrogen salt cavern storage. The company is also evaluating technologies to efficiently store hydrogen or energy in salt caverns. Additionally, Vortex Energy Corp. is currently advancing its Fire Eye Uranium Property in the Athabasca Basin, a region globally renowned for its uranium deposits.

The closing of this private placement aligns with Vortex's long-term strategic goals and financial projections. The raised funds will be used to support the ongoing operations and development of the company's mineral properties, including the Robinsons River Salt Project and the Fire Eye Uranium Property. This could potentially lead to the discovery of valuable resources, which would have a positive impact on the company's future prospects.



The raised funds are expected to have a positive impact on Vortex's overall debt-to-equity ratio and financial risk profile. While the private placement will increase Vortex's debt, the company's strong cash flow and earnings, as well as its diversified business model, should help mitigate the increased financial risk. Additionally, the company's insiders, including CEO and Founder Fabio Kuhn, have been buying shares, indicating their confidence in the company's future prospects.

In conclusion, Vortex Energy Corp.'s closing of the C$400,000 private placement of convertible debentures is a positive development for the company. The raised funds will be used to support the ongoing operations and development of the company's mineral properties, which could potentially lead to the discovery of valuable resources. The increased debt will have a positive impact on the company's overall debt-to-equity ratio and financial risk profile, given the company's strong cash flow and earnings, as well as its diversified business model. The company's insiders, including CEO and Founder Fabio Kuhn, have been buying shares, indicating their confidence in the company's future prospects.