05:04:56 EDT Mon 20 May 2024
Enter Symbol
or Name
USA
CA



Vortex Metals Inc
Symbol VMS
Shares Issued 79,449,468
Close 2024-05-07 C$ 0.13
Market Cap C$ 10,328,431
Recent Sedar Documents

Vortex Metals 19,369,411-share private placement

2024-05-07 20:56 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on April 11, 2024, and April 19, 2024.

Number of shares:  19,369,411 common shares

Purchase price:  nine cents per share

Warrants:  9,684,705 share purchase warrants to purchase 9,684,705 shares

Warrant exercise price:  13.5 cents for a 24-month period

Number of placees:  54 placees

Total existing insider involvement:  1,570,300 (four insiders)

Total pro group involvement:  800,000 (one pro group)

Finder's fee:  $24,184.01 cash and 276,711 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 13.5 cents for a period of 24 months from the date of issuance.

The company issued a news release on April 25, 2024, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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