Bullboard - Stock Discussion Forum Surge Copper Corp V.SURG

Alternate Symbol(s): SRGXF

Metals & Mining Copper

Surge Copper Corp. is a Canada-based company, which is advancing critical metals district in a developed region of British Columbia, Canada. The Company is engaged in the acquisition, exploration and development of mineral properties. The Company owns a 100% interest in the Ootsa Property, an advanced-stage exploration project containing the Seel and Ox porphyry deposits located adjacent to the... see more

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TSXV:SURG - Post Discussion

Surge Copper Corp > Surge Copper Acquires 100% Interest in Berg

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Post by Betteryear2 on Dec 27, 2023 8:35am

Surge Copper Acquires 100% Interest in Berg

Vancouver, British Columbia, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to announce that it has entered into a definitive purchase agreement (the “Purchase Agreement”) with Thompson Creek Metals Company Inc. (“TCM”), a wholly-owned subsidiary of Centerra Gold Inc., to acquire a 100% interest in the Berg Property for total consideration of 21,221,165 common shares of Surge, resulting in TCM owning approximately 15% of Surge’s outstanding common shares (the “Transaction”). The Purchase Agreement replaces an earlier December 2020 Option Agreement between Surge and TCM which allowed Surge to earn a 70% interest in the Berg Property by spending C$8 million over five years and issuing to TCM C$5 million in common shares of the Company.

Surge Copper Acquires 100% Interest in Berg (globenewswire.com)

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