Vortex Energy Announces Uplisting on the OTCQB

Rhea-AI Summary

Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) successfully upgraded from the OTC Pink Market to the OTCQB Venture Market, increasing visibility and transparency for US investors. CEO Paul Sparkes anticipates reaching a wider audience with the new market listing.

VANCOUVER, British Columbia, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) ("Vortex” or the "Company") is pleased to announce that it has successfully upgraded from the OTC Pink Market to the OTCQB Venture Market.

The Company's common shares started trading on the OTCQB under the symbol “VTECF" as of the opening of the market on December 19, 2023. The Company's common shares will continue to trade on the Canadian Securities Exchange under the symbol "VRTX" and the Frankfurt Stock Exchange under the symbol "AA3".

Vortex Energy CEO, Paul Sparkes commented, “Being approved to trade on the OTCQB Venture Market is a milestone achievement for the company. We expect much greater visibility and transparency for our US investors, which we anticipate will allow us to reach a wider audience.”

The OTCQB, operated by OTC Markets Group, Inc., is a market designed for developing and entrepreneurial companies in the United States and abroad. To be eligible for trading on the OTCQB, companies must be current in their financial reporting with the Securities and Exchange Commission, pass a minimum bid price test, maintain audited financials through a PCAOB registered firm, and undergo company verification and management certification on an annual basis.

About Vortex Energy Corp.

Vortex Energy Corp. 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 comprised of a total of 942 claims covering 23,500 hectares located approximately 35 linear kms south of the town of Stephenville in the Province of Newfoundland & Labrador. The Robinsons River Salt Project is prospective for both salt and hydrogen salt cavern storage. The Company is also evaluating technologies to efficiently store hydrogen or energy in salt caverns. Vortex also holds the Fire Eye Project, which is located in the Wollaston Domain of northern Saskatchewan, Canada.

On Behalf of the Board of Directors

Paul Sparkes
Chief Executive Officer, Director
+1 (778) 819-0164
info@vortexenergycorp.com

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events.

In particular, this press release contains forward-looking information relating to, among other things, the anticipated benefits of listing on the OTCQB. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including the assumption that the Company will remain listed on the OTCQB and that it will recognize the anticipated benefits of listing on the OTCQB. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include the risk that the Company de-lists from the OTCQB or otherwise does not realize the anticipated benefits from its listing on the OTCQB. The forward-looking information contained in this release is made as of the date hereof, and the Company not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

The Canadian Securities Exchange has not approved nor disapproved the contents of this news release and does not accept responsibility for the adequacy or accuracy of this release.

FAQ

What market did Vortex Energy Corp. upgrade to?

Vortex Energy Corp. upgraded from the OTC Pink Market to the OTCQB Venture Market.

When did Vortex Energy Corp. start trading on the OTCQB?

Vortex Energy Corp. started trading on the OTCQB on December 19, 2023.

What are the symbols for Vortex Energy Corp.'s common shares on the OTCQB, Canadian Securities Exchange, and Frankfurt Stock Exchange?

The common shares trade under the symbol 'VTECF' on the OTCQB, 'VRTX' on the Canadian Securities Exchange, and 'AA3' on the Frankfurt Stock Exchange.

What are the eligibility criteria for trading on the OTCQB?

To trade on the OTCQB, companies must be current in their financial reporting with the SEC, pass a minimum bid price test, maintain audited financials through a PCAOB registered firm, and undergo company verification and management certification annually.