VANCOUVER, BC, June 24, 2021 /CNW/ - Surge Copper
Corp. (TSXV: SURG) (OTCQX: SRGXF) (Frankfurt:
G6D2) ("Surge" or the "Company") is pleased to
announce that as part of its ongoing board renewal initiative, it
has appointed Leif Nilsson to the
Board of Directors effective immediately.
Dr. Shane Ebert, President and
Director, commented: "We are delighted to welcome Leif to the
Surge Board. Since being recruited to the CEO role earlier this
year, he has done an exemplary job in executing on the Company's
strategy. His strategic leadership and expertise in the mining
industry and capital markets will continue to be a huge benefit to
the Company and the Board. Leif's appointment fits with Surge's
overall strategy to broaden and strengthen the Board's skill sets
moving forward."
The Company also announces that the board has approved the grant
of 2,725,000 options to certain employees, executives, directors,
and consultants of the Company. The options have been granted
pursuant to the Company's option plan, are subject to vesting
provisions, have an exercise price of $0.42 per share, and expire five years from the
date of grant.
About Surge Copper Corp.
The Company owns a 100% interest in the Ootsa Property, an
advanced stage exploration project containing the East Seel, West
Seel and Ox porphyry deposits located adjacent to the open pit
Huckleberry Copper Mine, owned by Imperial Metals. The Ootsa
Property contains pit constrained NI 43-101 compliant resources of
copper, gold, molybdenum, and silver in the Measured and Indicated
categories.
The Company is also earning into a 70% interest in the Berg
Property from Centerra Gold. Berg is a large, advanced stage
exploration project located 28 km northwest of the Ootsa deposits.
Berg contains pit constrained 43-101 compliant resources of copper,
molybdenum, and silver in the Measured and Indicated categories.
Combined, the adjacent Ootsa and Berg properties give Surge a
dominant land position in the Ootsa-Huckleberry-Berg district and
control over four advanced porphyry deposits.
On Behalf of the Board of Directors
"Shane Ebert"
President and Director
http://www.surgecopper.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This News Release contains forward-looking statements, which
relate to future events. In some cases, you can identify
forward-looking statements by terminology such as "will", "may",
"should", "expects", "plans", or "anticipates" or the negative of
these terms or other comparable terminology. All statements
included herein, other than statements of historical fact, are
forward looking statements, including but not limited to the
Company's plans regarding the Berg Property and the Ootsa Property.
These statements are only predictions and involve known and unknown
risks, uncertainties and other factors that may cause the Company's
actual results, level of activity, performance or achievements to
be materially different from any future results, levels of
activity, performance, or achievements expressed or implied by
these forward-looking-statements. Such uncertainties and risks may
include, among others, actual results of the Company's exploration
activities being different than those expected by management,
delays in obtaining or failure to obtain required government or
other regulatory approvals, the ability to obtain adequate
financing to conduct its planned exploration programs, inability to
procure labour, equipment and supplies in sufficient quantities and
on a timely basis, equipment breakdown, impacts of the current
coronavirus pandemic, and bad weather. While these
forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect the Company's current
judgment regarding the direction of its business, actual results
will almost always vary, sometimes materially, from any estimates,
predictions, projections, assumptions or other future performance
suggestions herein. Except as required by applicable law, the
Company does not intend to update any forward-looking statements to
conform these statements to actual results.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/surge-copper-announces-appointment-of-director-301319158.html
SOURCE Surge Copper Corp.
