Surge Copper Corp announced a non-brokered private placement of 30,000,000 units (the ?Units?) at a price of CAD 0.50 per Unit for gross proceeds of CAD 15,000,000 on February 10, 2026. Each Unit will comprise one common share of the Company and one non-transferable common share purchase warrant (a ?Warrant?). Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of CAD 1.00 per share for a period of three years from the date of issuance (subject to acceleration).
The Offering is expected to close on or about February 26, 2026, or such other date or dates as the Company may determine, and may be completed in one or more tranches, with any subsequent tranche subject to the receipt of applicable regulatory approvals. The closing of the Offering is subject to customary closing conditions, including receipt of all required regulatory approvals, including the conditional acceptance of the TSX Venture Exchange.
