22:19:06 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Vortex Energy Corp
Symbol VRTX
Shares Issued 70,899,237
Close 2023-10-20 C$ 0.47
Market Cap C$ 33,322,641
Recent Sedar Documents

Vortex Energy extends Financial Star marketing services

2023-10-20 19:48 ET - News Release

Mr. Paul Sparkes reports

VORTEX ENERGY ANNOUNCES EXTENSION OF MARKETING PROGRAM

Further to the news releases on April 28, 2023, June 23, 2023, July 21, 2023, and Sept. 1, 2023, Vortex Energy Corp. has further extended its engagement of Financial Star News Inc. for marketing services for up to an additional 45 days commencing on Oct. 23, 2023, provided that the term of the marketing services may be extended or shortened at the discretion of management depending on, amongst other things, the efficiency of the marketing services.

As previously disclosed, FSN has created, and shall continue to, as appropriate, create campaigns, ad groups, text ads and display ads, perform detailed keyword research, set up and manage remarketing campaigns, optimize keyword options, co-ordinate on-line advertisers and marketers corresponding to on-line marketing targets, create landing pages for ad campaigns, and generally bring attention to the business of the company. The promotional activity undertaken by FSN will occur on the Financial Star website and by e-mail, Facebook and Google.

The company will pay a fee of $300,000 (U.S.) (plus GST) for the extension. The company will not issue any securities to FSN as compensation for its marketing services. As of the date hereof, to the company's knowledge, FSN (including its directors and officers) does not own any securities of the company and has an arm's-length relationship with the company.

The company has also engaged Grit Capital Corp. for marketing services for an anticipated period of three months commencing on Oct. 30, 2023, provided that the term of the marketing services may be extended or shortened at the discretion of management depending on, amongst other things, the efficiency of the marketing services.

Grit has over 460,000 followers on its social media platforms and a substantial subscriber base exceeding 270,000 for both its free and premium Grit newsletters. Grit provides a detailed analysis of the stock market to its Gen Z and millennial audiences, allowing Grit to showcase Vortex's value to New Age demographics.

Grit will, as appropriate, create advertising campaigns, including in Grit's flagship newsletter, a premium landing page for advertising campaigns and chief executive officer presentations on X spaces, and generally bring attention to the business of the company and provide the company with exposure to potential investors. The promotional activity undertaken by Grit will occur in its newsletter and on its partners' Instagram and X accounts.

The company will pay a fee of $45,000 (U.S.) (plus HST) for the services. The company will not issue any securities to Grit as compensation for its marketing services. As of the date hereof, to the company's knowledge, Grit (including its directors and officers) does not own any securities of the company and has an arm's-length relationship with the company.

About Vortex Energy Corp.

Vortex Energy is an exploration-stage company engaged principally in the acquisition, exploration and development of mineral properties in North America. The company is currently advancing its Robinson River salt project composed of a total of 942 claims covering 23,500 hectares located approximately 35 linear kilometres south of the town of Stephenville in the province of Newfoundland and Labrador. The Robinson River salt project is prospective for both salt and hydrogen salt cavern storage. The company is actively evaluating technologies to efficiently store hydrogen or energy in salt caverns. Vortex Energy also holds the Fire Eye project, which is located in the Wollaston domain of Northern Saskatchewan, Canada.

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