Financings
Surge Battery Metals Announces Financing

NILI · Price
Executive Summary
- Surge Battery Metals Inc. announced a non‑brokered private placement of 1,851,852 units at $0.27 per unit for total gross proceeds of $500,000.
- Each unit consists of one common share and one warrant exercisable for three years at $0.37 per share.
- Proceeds will be used for general working capital; closing is subject to TSX Venture Exchange approval.
Key Details
- Units Offered: 1,851,852 units
- Price per Unit: $0.27
- Gross Proceeds: $500,000
- Unit Composition: 1 common share + 1 share purchase warrant per unit
- Warrant Terms: Exercisable for three years at $0.37 per share
- Use of Proceeds: General working capital
- Closing Condition: Subject to approval by the TSX Venture Exchange
- Regulatory Notice: Securities not registered under U.S. securities laws; cannot be offered/sold in the United States or to U.S. persons without exemption or registration.
Notable Quotes
(No direct quotes from management were included in the release.)
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Jul 08, 2026 · 07:01