- Vortex Energy Corp. (VRTX) has completed the acquisition of Blue Ocean Salt Corp. (BOSC)
- The transaction for 100 per cent of the issued and outstanding share capital of Blue Ocean was made in consideration for an aggregate of 20,600,004 common shares in the capital of the company
- Blue Ocean owns a 100-per-cent interest in and to the Robinsons River Salt Property located in the Bay St. George region of southwestern Newfoundland
- Vortex Energy Corp. (VRTX) opened trading at $0.61
Vortex Energy Corp. (VRTX) has completed the acquisition of Blue Ocean Salt Corp. (BOSC).
The transaction for 100 per cent of the issued and outstanding share capital of Blue Ocean was made in consideration for an aggregate of 20,600,004 common shares in the capital of the company.
Blue Ocean owns a 100-per-cent interest in and to the Robinsons River Salt Property located in the Bay St. George region of southwestern Newfoundland. The property consists of four contiguous mineral licences and is made up of 687 claims.
The acquisition proceeded by way of a series of share purchase transactions between Vortex Energy and each of the shareholders of BOSC. The consideration payable by the company for each BOSC share is two-thirds-of-one (2/3) common share of the company.
Paul Sparkes, CEO of the company, stated that his team is eager to be a part of the thriving mining exploration industry and community in Newfoundland and Labrador.
“We look forward to expanding on our future plans in the province at a later date.”
Vortex Energy Corp. is an exploration stage company engaged principally in the acquisition, exploration, and development of mineral properties in North America. Its flagship asset, The Fire Eye Project, is located in the Wollaston Domain of northern Saskatchewan.
Vortex Energy Corp. (VRTX) opened trading at $0.61.