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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Financings Admin

Surge Copper Announces Closing of Final Tranche of $20 Million Private Placement

By The Northwire Desk — AI Analysis Apr 27, 2026 · 07:00 SURG · 0.66 Surge Copper Corp.
SURG · Price

Executive Summary

  • Surge Copper Corp. has closed the second and final tranche of its previously announced $20 million non-brokered private placement.
  • The closing generated gross proceeds of approximately $4 million.
  • The subscription was made by African Rainbow Minerals Limited, an insider of the Company.

Key Details

  • Units Issued: 7,960,000 units (each unit consists of one common share and one common share purchase warrant).
  • Subscriber: African Rainbow Minerals Limited (identified as a related party transaction under MI 61-101).
  • Use of Proceeds: To advance mineral exploration and development projects (including the Berg and Ootsa projects), working capital, and general corporate purposes.
  • Transaction Terms: The Company is relying on exemptions from formal valuation and minority shareholder approval requirements as the participation value is less than 25% of the Company's current market capitalization.
  • Finder's Fees: No finder's fees were paid in connection with this second tranche.
  • Hold Period: Securities are subject to a statutory hold period of four months and one day from the issue date.
Read the original news release →

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SEDAR Interim Financial Statements

None