Vortex Energy proposes share consolidation in Vancouver

Vortex Energy Corp., based in Vancouver, has proposed a share consolidation plan. The company plans to consolidate its common shares at a rate of ten pre-consolidation shares for one post-consolidation share. Currently, Vortex has about 82.8 million common shares outstanding. After the consolidation, this number will drop to approximately 8.28 million shares. The company will not issue fractional shares; instead, any fractions arising from the consolidation will be adjusted. Fractional shares of half or more will be rounded up, while those less than half will be rounded down. Vortex will publish further details about the consolidation, including the effective date and new identifiers for the shares, after filing the necessary documents with the Canadian Securities Exchange. The shares will continue to trade under the company's existing name and symbol. Vortex Energy focuses on mineral exploration in North America. It is currently working on the Robinsons River Salt Project in Newfoundland and Labrador, along with the Fire Eye Uranium Property in the Athabasca Basin, known for its uranium deposits. The share consolidation is subject to approval from the Canadian Securities Exchange.