Vortex Metals Announces Closing of Upsized Private Placement

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VANCOUVER, BC, April 25, 2024 /PRNewswire/ – Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) (“Vortex Metals” or the “Company“) is pleased to announce that, further to its news releases dated April 11, 2024 and April 19, 2024, it has closed its previously announced non-brokered private placement (the “Private Placement“) of units of the Company (the “Units“) at a price of $0.09 per Unit. Each Unit consists of one common share in the capital of the Company (a “Share“) and one-half of one non-transferable Share purchase warrant (each whole warrant, a “Warrant“).  Each Warrant entitles the holder thereof to purchase one additional Share (a “Warrant Share“) at a price of $0.135 per Warrant Share for a period of 24 months from the date of issuance. The total amount of the Private Placement consists of 19,369,411 Units for aggregate gross proceeds of $1,743,249.99.

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