Vortex Metals Closes First Tranche of Non-Brokered Private Placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2025
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Source: Yahoo Finance
Private Placement Announcement: Vortex Metals Inc. has completed the first tranche of a non-brokered private placement, issuing 5,036,700 units at $0.08 each for gross proceeds of approximately $402,935, which will be used for exploration activities in Chile and general working capital.
Insider Participation and Regulatory Compliance: Insiders subscribed for 575,000 units as part of the placement, qualifying as a related party transaction, while the company plans to close a second tranche pending regulatory approvals and compliance with securities laws.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
