On January 9, 2024, Vortex Energy Corp. closed the transaction. The company announced that it has issued 3,750,000 units at an issue price of CAD 0.40 per unit for the gross proceeds of CAD 1,500,000.

Each Unit is comprised of one common share and one Share purchase warrant with each Warrant entitling the holder thereof to purchase a Share at an exercise price of CAD 0.50 until January 9, 2026.