Vortex Energy Corp. announced a non brokered private placement to issue 2,857,142 non flow-through units at an issue price of CAD 0.35 per unit for the gross proceeds of CAD 999,999.7 and 2,325,581 flow-through units at an issue price of CAD 0.43 per unit for the gross proceeds of CAD 999,999.83; aggregate gross proceeds of CAD 1,999,999.53 on November 28, 2023. Each non flow-through unit consists of one non-flow-through common share and one share purchase warrant of the company entitling the holder to acquire one share at a price of CAD 0.50 per warrant share for a period of 24 months from the date of issuance and one flow-through unit consists of one flow-through common share and one share purchase warrant of the company entitling the holder to acquire one warrant share at a price of CAD 0.55 per warrant share for a period of 24 months from the date of issuance.

All securities issued in the offering will be subject to a statutory four-month-and-one-day hold period. Closing of the offering is subject to the company's receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange. The offering is expected to close on or about December 8, 2023.