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Surge Copper Corp
Symbol SURG
Shares Issued 141,616,580
Close 2021-10-18 C$ 0.435
Recent Sedar Documents

Surge Copper grants options to buy 800,000 shares

2021-10-18 09:30 ET - News Release

Mr. Leif Nilsson reports

SURGE COPPER ANNOUNCES GRANT OF STOCK OPTIONS TO NEW DIRECTORS

Surge Copper Corp.'s board has approved the grant of 800,000 options to new incoming directors elected at the company's annual general meeting on Sept. 22, 2021. The options have been granted pursuant to the company's option plan. Each option has an exercise price of 42 cents per share and expires five years from the date of grant.

About Surge Copper Corp.

The company owns a 100-per-cent interest in the Ootsa property, an advanced-stage exploration project containing the East Seel, West Seel and Ox porphyry deposits located adjacent to the open-pit Huckleberry copper mine, owned by Imperial Metals. The Ootsa property contains pit-constrained, National Instrument 43-101-compliant resources of copper, gold, molybdenum and silver in the measured and indicated categories.

The company is also earning into a 70-per-cent interest in the Berg property from Centerra Gold. Berg is a large, advanced-stage exploration project located 28 kilometres northwest of the Ootsa deposits. Berg contains pit-constrained, NI 43-101-compliant resources of copper, molybdenum and silver in the measured and indicated categories. Combined, the adjacent Ootsa and Berg properties give Surge a dominant land position in the Ootsa-Huckleberry-Berg district and control over four advanced porphyry deposits.

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