Source: Surge Copper Corp.
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  • Surge Copper (SURG) has announced a non-brokered private placement for gross proceeds of up to $1.25 million
  • The company will issue up to 9.6 million units at $0.13 per unit
  • Each unit will comprise one common share and one-half of one transferrable common share purchase warrant
  • Surge Copper is a Canadian company which engages in the acquisition, exploration, and development of mineral properties
  • Surge Copper Corp. (SURG) is down 3.45 per cent, trading at C$0.14 per share at 10:31 am ET

Surge Copper (SURG) has announced a non-brokered private placement for gross proceeds of up to $1.25 million.

The company will issue up to 9.6 million units at $0.13 per unit. Each unit will comprise one common share and one-half of one transferrable common share purchase warrant. Each warrant is exercisable into one additional common share at $0.20 per warrant for twelve months from closing.

The company expects to use the proceeds for the completion of the Preliminary Economic Assessment of the Berg Project and general corporate purposes.

The offering is scheduled to close on or about February 2, 2023.

The units offered under the Listed Issuer Financing Exemption will not be subject to a hold period.

The company may pay a finder’s fee of up to six per cent in cash.

Surge Copper is a Canadian company which engages in the acquisition, exploration, and development of mineral properties. It focuses on properties hosting copper, gold, silver, and molybdenum prospects in a well-developed region of British Columbia.

Surge Copper Corp. (SURG) is down 3.45 per cent, trading at C$0.14 per share at 10:31 am ET.


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