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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Financings

Surface Metals Inc. Announces Closing of First Tranche of Private Placement Financing

By The Northwire Desk — AI Analysis Nov 27, 2025 · 17:05 SUR · 0.3 Surface Metals Inc.
SUR · Price

Executive Summary

  • Surface Metals Inc. closed the first tranche of its non‑brokered private placement, issuing 1,600,000 units at $0.20 CAD per unit for total gross proceeds of $320,000 CAD.
  • Each unit contains one common share and a half warrant; full warrants allow purchase of additional shares at $0.40 CAD for two years after closing.
  • Proceeds will fund technical work on the company’s Nevada gold and lithium projects and provide general working capital.

Key Details

  • Units Issued: 1,600,000 units @ $0.20 CAD per unit → Gross proceeds: $320,000 CAD.
  • Unit Composition: 1 common share + ½ transferable common share purchase warrant (full warrant = right to buy 1 additional common share at $0.40 CAD).
  • Warrant Terms: Exercise price $0.40 CAD; exercisable for two years from closing of the offering.
  • Finder’s Compensation: Finder’s fee of $10,500 CAD and issuance of 52,500 finder’s warrants (same terms as unit warrants).
  • Use of Proceeds: Fund technical work at Nevada gold and lithium projects; general working capital.
  • Holding Period: All securities subject to a hold period of four months and one day under Canadian securities laws.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

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