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Vortex Metals Inc ( (TSE:VMS) ) has provided an announcement.
Vortex Metals Inc. has successfully closed the first tranche of its non-brokered private placement, raising $402,935.96 through the issuance of over five million units, consisting of common shares and share purchase warrants. The proceeds are earmarked for exploration at the Illapel Copper Project in Chile and general working capital. The private placement included a related party transaction with insider subscriptions and is subject to certain regulatory exemptions and securities restrictions. The company expects to close a second tranche pending regulatory approvals.
More about Vortex Metals Inc
Vortex Metals Inc. is a copper-focused exploration and development company with a diversified portfolio of projects in Chile and Mexico. The company holds an option to acquire up to 80% interest in the Illapel Copper Project in Chile and owns a 100% interest in two copper-gold projects in Mexico through its subsidiary Empresa Minera Acagold, S.A. de C.V.
YTD Price Performance: 9.59%
Average Trading Volume: 42,299
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$6.05M
Learn more about VMS stock on TipRanks’ Stock Analysis page.
