Vortex Energy Corp. is undertaking a 10-to-1 share consolidation, reducing the number of outstanding Common Shares and commencing trading on a post-consolidation basis on April 1, 2025. The company will provide instructions to shareholders holding physical certificates on how to proceed with the consolidation process.
Vortex Energy Corp. has announced a 10-to-1 share consolidation . The consolidation, which has a record date of April 1, 2025, aims to reduce the number of outstanding Common Shares from 82,810,561 to approximately 8,281,056. This will be implemented prior to rounding any fractional shares. After the consolidation, no fractional Common Shares will be issued. Fractional shares resulting from the consolidation will be rounded up if they are 0.
5 or greater, and rounded down if they are less than 0.5. No cash consideration will be given for rounded-down fractional shares. \Trading of the Common Shares on the Canadian Securities Exchange (CSE) will begin based on the post-consolidation structure at market open on April 1, 2025. The newly consolidated Common Shares will have a new CUSIP number (92905D203) and a new ISIN number (CA92905D2032). Despite these changes, the company's name and trading symbol will remain the same. Shareholders who hold physical certificates will receive a letter of transmittal outlining the necessary steps for the consolidation. They will need to send their pre-consolidation Common Share certificates and the completed letter of transmittal to Odyssey Trust Company, the company's transfer agent. Instructions on how to proceed will be provided in the letter of transmittal. A copy of this letter will be available on the company's profile on SEDAR+. \Shareholders who do not hold physical share certificates do not need to take any action as they will automatically receive a new DRS advice reflecting the post-consolidation Common Shares. Vortex Energy Corp. is an exploration-stage company primarily focused on acquiring, exploring, and developing mineral properties in North America. Currently, the company is advancing two projects: the Robinsons River Salt Project in Newfoundland & Labrador, and the Fire Eye Uranium Property in the Athabasca Basin. The Robinsons River Salt Project encompasses 942 claims covering 23,500 hectares and is prospective for both salt and hydrogen salt cavern storage.
Vortex Energy Corp. Share Consolidation Common Shares Canadian Securities Exchange Mineral Properties Robinsons River Salt Project Fire Eye Uranium Property
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