06:01:12 EDT Thu 17 Oct 2019
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Surge Exploration Inc
Symbol C : SUR
Shares Issued 83,864,260
Close 2019-09-17 C$ 0.065
Recent Sedar Documents

Surge Exploration eight-million-share private placement

2019-09-17 19:03 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 10, 2019.

Flow-through (FT) shares

Number of FT shares:  two million flow-through shares

Purchase price:  five cents per flow-through share

Warrants:  two million share purchase warrants to purchase two million shares

Warrant initial exercise price:  five cents

Warrant term to expiry:  two years

Non-flow-through (NFT) shares

Number of NFT shares:  six million non-flow-through shares

Purchase price:  five cents per non-flow-through share

Warrants:  six million share purchase warrants to purchase six million shares

Warrant initial exercise price:  five cents

Warrant term to expiry:  two years

Number of placees:  19 placees

Finders' fees:  Mackie Research Capital Corp., 505,000 shares; Ron Loewen, 495,000 shares

Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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