10:18:46 EDT Sat 19 Oct 2019
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Surge Exploration Inc
Symbol C : SUR
Shares Issued 83,864,260
Close 2019-09-09 C$ 0.08
Recent Sedar Documents

Surge Exploration arranges $400,000 financing

2019-09-10 08:46 ET - News Release

Mr. Tim Fernback reports

SURGE ANNOUNCES FULLY SUBSCRIBED PRIVATE PLACEMENT

Surge Exploration Inc. has arranged a fully subscribed non-brokered private placement with a combination of units and flow-through units of the company for gross proceeds of $400,000. Each unit and FT unit are priced at five cents.

Each unit and FT unit comprise one common share of the company and one share purchase warrant. Each share purchase warrant will entitle the holder thereof to purchase one additional common share of the company at an exercise price of five cents per share, for a period of two years from closing, subject to TSX Venture Exchange approval.

The proceeds from the FT units will be used to advance the company's British Columbia properties. The proceeds from the units will be used for exploration activities and for general working capital purposes.

Finders' fees will be paid in connection with the private placement and all finders' fees payable are subject to exchange approval.

The closing of the private placement is expected to close on or before Sept. 13, 2019. All securities issued in connection with the private placement are subject to a four-month-and-a-day hold period in accordance with applicable securities laws.

About Surge Exploration Inc.

The company is a Canadian-based mineral exploration company which has been active in the resource sector in British Columbia and elsewhere in Canada.

We seek Safe Harbor.

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