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Surge Copper Corp. — Capital/Financing Update 2020
Jul 7, 2020
45134_rns_2020-07-06_56813c13-ae9f-4ac0-a8d3-ae0eb7921c1a.pdf
Capital/Financing Update
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FORM 51-102F3 MATERIAL CHANGE REPORT
Item 1: Name and Address of Company
Surge Copper Corp. #888 – 700 West Georgia Street Vancouver, B.C. V7Y 1G5 Telephone: 604-718-5454 Facsimile: 604-662-3791
Item 2: Date of Material Change
July 6, 2020
Item 3: News Release
The news release was disseminated on July 6, 2020 through Stockwatch and filed on SEDAR.
Item 4: Summary of Material Change
SURGE COPPER INCREASES AND CLOSES FLOW-THROUGH NON-BROKERED PRIVATE PLACEMENT
Item 5: Full Description of Material Change
Surge Copper Corp. (the “Company” or “Surge Copper”) (TSX-V:SURG), announces it has increased and closed the non-brokered private placement announced June 4, 2020. The placement has been increased from 2,777,778 flow-through units to 3,239,996 flow-through units (“Units”) at a price of $0.09 per Unit raising gross proceeds of $291,599.64. Each flowthrough unit is comprised of one common share, intended to qualify as a flow-through share under the Income Tax Act (Canada), and one-half share purchase warrant. Each whole warrant will entitle the holder to acquire an additional non-flow through common share of the Company at an exercise price of $0.12 per share for a period of three years from the closing date of the private placement. The proceeds of the private placement will be used for exploration and related flow-through eligible expenses at the Company’s Ootsa Property. The Company paid a 6% finder fee of $2999.99 cash.
All securities issued in conjunction with the private placement are subject to a hold period expiring four months plus a day after the date of their issuance.
Item 6: Reliance on subsection 71(2) of National Instrument 51-102
N/A
Item 7: Omitted Information
N/A
Item 8: Executive Officer
The following executive officer of the Company is knowledgeable about the material change disclosed in this report and may be contacted as follows:
Shane Ebert President & CEO Telephone: 604-718-5454
Item 9: Date of Report
July 6, 2020
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