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Surge Copper Corp
Symbol SURG
Shares Issued 137,589,317
Close 2021-07-05 C$ 0.365
Recent Sedar Documents

Surge Copper private placement

2021-07-05 16:42 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced May 12, 2021, and May 14, 2021.

Number of shares:  4,445,000 non-flow-through (NFT) shares

Purchase price:  45 cents per share

Warrants:  2,222,500 share purchase warrants to purchase 2,222,500 shares

Warrant exercise price:  60 cents for a two-year period

Number of shares:  11,325,000 flow-through shares

Purchase price:  53 cents per share

Warrants:  5,662,500 share purchase warrants to purchase 5,662,500 shares

Warrant exercise price:  60 cents for a two-year period

Number of shares:  9,775,000 charity flow-through shares

Purchase price:  61.5 cents per share

Warrants:  4,887,500 share purchase warrants to purchase 4,887,500 shares

Warrant exercise price:  60 cents for a two-year period

Number of placees:  116 placees

Insiders:  Leif Nilsson, 40,000; Chantelle Collins, 10,000; Taryn Downing, 10,000; Pat Glazier, 289,375; James Pettit, 42,000; Craig Parry, 300,000

Total pro group involvement:  100,000 (one placee)

Agents' fees:  PI Financial Corp., $368,994.61 cash, $21,429.13 fiscal advisory fee, 669,543 broker warrants and 40,659 fiscal advisory warrants; Haywood Securities Inc., $184,497.31 cash, $10,715.57 fiscal advisory fee, 334,771 broker warrants and 20,329 fiscal advisory warrants; Raymond James Ltd., $184,497.31 cash, $10,715.57 fiscal advisory fee, 334,771 broker warrants and 20,329 fiscal advisory warrants (Each broker/fiscal advisory warrant is exercisable into one common share at 45 cents for two years from closing.)

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