Vortex Metals Initiates Private Placement to Raise $850,000 for Illapel Project in Chile
Vortex Metals Inc. announced a non-brokered private placement to raise up to $850,000 by selling 17 million units at $0.05 each. Proceeds will fund exploration at the Illapel Copper-Silver Project in Chile and general working capital. Each unit includes a common share and a half warrant, exercisable at $0.06 for three years, with an acceleration clause if the stock exceeds $0.20 for 10 consecutive days. The offering is subject to regulatory approvals and may close in multiple tranches.
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Vortex Metals Inc. announced a private placement to raise up to $850,000 through the sale of 17 million units at $0.05 each. Each unit comprises one common share and one-half warrant, allowing the purchase of additional shares at $0.06 for three years, with an acceleration clause if the stock price exceeds $0.20 for 10 consecutive trading days after 12 months.
The funds will support exploration at the Illapel Copper-Silver Project in Chile and working capital. The offering is subject to regulatory approvals and may occur in multiple tranches.
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