Surge Copper Announces Closing of Private Placement for $1.0 million
Vancouver, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG ) (OTCQB: SRGXF ) (Frankfurt: G6D2 ) (“Surge” or the “Company”) announces that it has closed its previously announced non-brokered private placement (the “Side-Car Private Placement”) (see April 10, 2024 press release ), consisting of 10,000,000 common shares of Surge (the “Side-Car Common Shares”) at a price of $0.10 per Side-Car Common Share for aggregate gross proceeds of $1.0 million.
- Vancouver, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG ) (OTCQB: SRGXF ) (Frankfurt: G6D2 ) (“Surge” or the “Company”) announces that it has closed its previously announced non-brokered private placement (the “Side-Car Private Placement”) (see April 10, 2024 press release ), consisting of 10,000,000 common shares of Surge (the “Side-Car Common Shares”) at a price of $0.10 per Side-Car Common Share for aggregate gross proceeds of $1.0 million.
- Closing of the previously announced strategic placement (the “Strategic Placement”) (see April 2, 2024 press release ) is anticipated within the next several weeks.
- The net proceeds from the Side-Car Private Placement will be used to fund the advancement of the Berg Project, exploration, and for working capital and general corporate purposes.
- The Company paid finders fees totalling $6,000 to PI Financial Corp. and EDE Asset Management Inc. in connection with the Side-Car Private Placement.