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Vortex Energy Intends to Advance Next Phase of Technical Work at Robinsons River Salt Project; Shares Down 12%

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-- Vortex Energy (VRTX.CN) shares fell 12% after the company on Thursday said it is moving ahead with technical work at its Robinsons River salt project in Newfoundland.

The company hired Lonquist Field Service (Canada) as the primary technical contractor for the work program.

The upcoming work program will include the reinterpretation of existing gravity data, a review of previous drilling programs and the integration of all available geological, geophysical, and drilling datasets to develop a comprehensive subsurface model, it said.

Shares of the company were last seen down $0.055 at $0.405 on the Canadian Securities Exchange.

Price: $0.41, Change: $-0.06, Percent Change: -11.96%

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