July 25, 2018: Vancouver, British Columbia: Surge Copper Corp. (the “Company”) (SURG: TSX-V) announces it has closed the non-brokered private placement announced on July 11 and July 24, 2018, consisting of 2,300,000 units (“Units”) at a price of $0.10 per Unit raising gross proceeds of $230,000. Each Unit is comprised of one common share of the Company and one non-transferable common share purchase warrant (“Warrant”). Each warrant entitles the holder thereof to purchase one common share of the Company, for 36 months at an exercise price of $0.18 per share after the closing date of the private placement.
The proceeds of the private placement will be used for the purpose of carrying out the exploration programs on the Company’s British Columbia property and for general working capital.
All securities issued in conjunction with this private placement are subject to a hold period expiring four months plus a day after the date of their issuance.
ON BEHALF OF THE BOARD OF DIRECTORS
President & CEO
For Further information, please contact:
Toll Free: 888-500-4587
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Safe Harbor Statement: The Company relies upon litigation protection for “forward-looking statements.” The Company undertakes no obligation to update these forward- looking statements in the managements beliefs, estimates obligations or other factors should change.