Business
Surge Copper Announces Closing of C$14.0 Million Bought Deal Private Placement
Surge Copper Announces Closing of C$14.0 Million Bought Deal Private Placement ...
About this update from Surge Copper Corp.
[{"type":"text","content":"\n \n \n \n Surge Copper Announces Closing of C$14.0 Million Bought Deal Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n TSX-V Trading Symbol: SURG\n \n Frankfurt Trading Symbol: G6D2\n \n \n \n VANCOUVER, BC\n \n ,\n \n June 9, 2021\n \n /CNW/ -\n \n Surge Copper Corp.\n \n (TSXV: SURG)\n \n \n (Frankfurt: G6D2)\n \n (\"Surge\" or the \"Company\")\n \n is pleased to announce that the Company has closed the previously announced bought deal private placement (the \"Offering\") for total gross proceeds of\n \n C$14,014,125\n \n , consisting of (i) 4,445,000 units (the \"Units\") sold at a price of\n \n C$0.45\n \n per Unit; (ii) 11,325,000 flow-through units (the \"FT units\") sold at a price of\n \n C$0.53\n \n per FT Unit; and (iii) 9,775,000 charity flow-through units (the \"Charity FT Units\") sold at a price of\n \n C$0.615\n \n .\n \n \n \n \n \n \n \n \n \n Each Unit consists of one common share of Surge and one-half of one transferable common share purchase warrant (each whole such common share purchase warrant, a \"Warrant\"). Each FT Unit consists of one flow-through common share and one-half of one Warrant issued on a flow-through basis. Each Charity FT Unit consists of one charity flow-through common share and one-half of one Warrant issued on a flow-through basis. Each Warrant shall be exercisable into one additional common share of Surge for a period of twenty-four months following the closing of the Offering at an exercise price of\n \n C$0.60\n \n per Warrant.\n \n \n \n Leif Nilsson\n \n , Chief Executive Officer, commented: \"The closing of this financing will kick off a period of intense activity for the Company as we continue to advance our Ootsa and Berg projects and undertake regional exploration across the district. With a strong financial position, the Company is well positioned to capture the exceptional opportunity that this prospective and strategica...