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Surge Copper Announces $15 Million Private Placement to Advance Berg Project
Not for distribution to U.S. newswire services or dissemination in the United States Vancouver, British Columbia, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to announce a non-brokered private placement of 30 million units (the “Units”) at a price of $0.50 per Unit for gross proceeds of $15 million (the “Offering”). Each Unit will comprise one common share of the Company and one non-transferable common s
About this update from Surge Copper Corp.
[{"type":"image","alt":"Surge Copper Corp.","displaySize":"","headline":null,"caption":"Surge Copper Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":61,"url":"https://media.zenfs.com/en/globenewswire.com/46b0f8da0a5facc6e68fe1128862dc7a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/FdFGeRnuK46QPL8BBFVXHA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTg1O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/46b0f8da0a5facc6e68fe1128862dc7a","width":300,"height":61}},"lazy":false},{"type":"text","content":"Not for distribution to U.S. newswire services or dissemination in the United States","length":84,"tagName":"p"},{"type":"text","content":"Vancouver, British Columbia, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to announce a non-brokered private placement of 30 million units (the “Units”) at a price of $0.50 per Unit for gross proceeds of $15 million (the “Offering”).","length":325,"tagName":"p"},{"type":"text","content":"Each Unit will comprise one common share of the Company and one non-transferable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $1.00 per share for a period of three years from the date of issuance (subject to acceleration).","length":338,"tagName":"p"},{"type":"text","content":"The Warrants will be subject to an acceleration provision whereby, if at any time following the closing of the Offering the common shares of the Company trade at a volume-weighted average price of $1.50 per share or greater on the TSX Venture Exchange for a period of 20 consecutive trading days, the Company may provide written notice to holders of the Warrants (the “Acceleration Notice”) that the expiry date of the Warrants will be accelerated to the date that is 20 days following the date of such Acceleration Notice.","length":523,"tagName":"p"},{"type":"text","content":"Leif Nilsson, Chief Executive Officer, commented: “This financing is designed to provide Surge with a strong and durable capital foundation as we advance Berg through the next stages of permitting and technical evaluation. Importantly, the Company is already fully funded to deliver its upcoming preliminary feasibility study, which remains on track. ...