Surge Copper Corp. (TSE:SURG) has released an update.
Surge Copper Corp. has successfully completed a non-brokered private placement, raising $1.0 million through the sale of 10 million common shares at $0.10 each. The funds are earmarked for the advancement of the Berg Project, exploration activities, and general corporate purposes. The shares purchased are subject to a hold period of four months and one day, with insiders of the company having acquired a substantial portion of the offering.
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