Business
Surge Battery Metals Amends Services Agreement with Stockhouse Publishing Ltd.
(TheNewswire) March 25, 2022 – TheNewswire - Vancouver, BC...
About this update from Surge Battery Metals Inc
[{"type":"text","content":"Surge Battery Metals Amends Services Agreement with Stockhouse Publishing Ltd.\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n March 25, 2022\n \n \n –\n \n \n TheNewswire -\n \n \n Vancouver, BC -\n \n \n Surge\nBattery Metals Inc.\n \n \n (the “Company” or\n“Surge”)\n \n \n (TSXV:NILI\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:NILIF\n \n \n )\n \n \n ,\n \n \n (\n \n \n FRA:DJ5C)\n \n \n announces\nthat further to its news release dated November 2, 2021 and pursuant\nto the amendments of the TSX Venture Exchange (“Exchange”)\npolicies with respect to “Securities for Services”, the Company\nhas amended the Client Services Agreement (the “Amended\nAgreement”) with Stockhouse Publishing Ltd. (“Stockhouse”)  The\nAmended Agreement is subject to Exchange approval.  Stockhouse is an\narm’s length service provider to the Company.\n \n \n \n \n The total cost for Stockhouse’s services for 12\nmonths is $126,000 (inclusive of GST) whereby the Company has paid\n$63,000 in cash and $63,000 will be paid by the issuance of common\nshares (“Shares”) of Surge.\n \n \n \n \n Upon Exchange acceptance to the transaction, the\nCompany will issue $33,000 in Shares of the Company at a deemed value\nof $0.33 per share and the Company will also issue $7,500 in Shares at\na deemed value of $0.15 per share as\n \n \n these\nservices have now been performed.  These shares represent the initial\nshare payment and the second share payment under the terms of the\nAmended Agreement.\n \n \n \n \n The remaining share payments will be paid after the\nservices have been performed and Notice has been given to the Exchange\nas follows:\n \n \n \n \n \n \n \n \n $7,500 in Shares on or about May 30, 2022, issued at\nthe deemed price per share less applicable discount to\nmarket;\n \n \n \n \n \n \n $7,500 in Shares on or about August 30, 2022, issued at\nthe deemed price per share less applicable discount to market;\nand\n \n \n \n \n \n \n $7,500 in Shares on or about November 30, 2022 to be\nissued at the deemed price per share less applicable discount to\nmarket.\n \n \n \n \n \n \n \n \n All securities issued in connection with the above will\nbe subject to a four‐month and a day hold period in accordance with\napplicable...