Surge Announces Dtc Eligibility, Cns Eligibility and Mergent Approval of Its Common Shares
Suite 1220 ‐ 789 W Pender Street
Vancouver, BC V6C 1H2
Telephone: (778) 945‐2656
NEWS RELEASE
SURGE ANNOUNCES DTC ELIGIBILITY, CNS
ELIGIBILITY and MERGENT APPROVAL OF ITS
COMMON SHARES
Vancouver, BC – September 20, 2018 – Surge Exploration Inc. (“the Company” or “Surge”) (TSX‐V:
SUR, OTC: SURJF, FRA: DJ5C) is pleased to announce that it has secured DTC and CNS eligibility
by The Depository Trust Company for its shares traded on the OTCQB under the symbol
“SURJF” effective September 18, 2018.
The DTC is a subsidiary of the Depository Trust & Clearing Corporation (“DTCC”), and
manages the electronic clearing and settlement of publicly traded companies. Securities
that are eligible to be electronically cleared and settled through the DTC are considered
“DTC eligible.” This electronic method of clearing securities speeds up the receipt of stock
and cash, and thus accelerates the settlement process for investors and brokers, enabling
the stock to be traded over a much wider selection of brokerage firms by coming into
compliance with their requirements.
Continuous Net Settlement (CNS) is a settlement process used by the National Securities
Clearing Corporation (NSCC) for the clearing and settlement of securities transactions. CNS
includes an automated book‐entry accounting system that centralizes the settlement of
transactions, keeping the flows of security and money balances orderly and efficient.
Being DTC and CNS eligible is expected to greatly simplify the process of trading and
exchange the Company’s common stock on the OTCQB marketplace in the United States.
“We are pleased to have obtained DTC and CNS eligibility,” said Tim Fernback, President &
CEO of Surge. “DTC & CNS eligibility simplifies the process of trading and transferring Surge’s
shares between brokerages in the United States and reduces the costs incurred in trading
shares. With our shares now DTC and CNS eligible, we expect this to lead to greater liquidity
and execution speeds, as well as our shares being accessible to an even broader range of
investors.”
The Company has previously announced that it has been approved and its common shares
have been upgraded to the OTCQB® Venture Market under the trading symbol “SURJF.”
The OTCQB Venture Market, operated by OTC Markets Group Inc., offers transparent
trading in entrepreneurial and development stage companies that have met a minimum bid
price test, are current in their financial reporting and have undergone an annual
verification and management certification process. These standards provide a strong
2
baseline of transparency, as well as the technology and regulation to improve the
information and trading experience for investors.
U.S. investors can find current financial disclosure and Real‐Time Level 2 quotes for FTE
Networks at http://www.otcmarkets.com/stock/SURJF/quote.
Further to this news, Surge is also pleased to report that the Company has been approved
by Mergent’s Editorial Board and is “ Blue-Skyed” with a new listing in Mergent Manuals
and News Reports™. Surge’s corporate profile, which includes descriptive text, data, news
and financial statements, will be accessible through Mergent’s online and print products.
As part of Mergent’s listing services, the new description will be highlighted separately
on www.mergent.com with an active hyperlink back to Surge’s website.
The Mergent Industrial Manual and News Reports™ is a recognized securities manual in 39
states for purposes of Blue Sky Manual Exemption. First published in 1918, and formerly
known as Moody’s™ Manuals and News Reports, the publication was rebranded as Mergent
Manuals and News Reports when Mergent, Inc. acquired Moody’s™ Financial Information
Services division in 1998.
Surge’s listing will aid in opening the company up to a much broader investment base.
However, it is recommended that brokers confirm with their compliance/legal department
concerning “Blue Sky” laws in specific states and other regulatory laws that might affect
them.
About Mergent, Inc.
For over 100 years, Mergent, Inc. has been a leading provider of business and financial data
on global publicly listed companies. Based in the U.S, Mergent maintains a strong global
presence, with offices in New York, Charlotte, San Diego, London, Tokyo, Kuching and
Melbourne. Mergent operates one the longest continuously databases of descriptive and
fundamental information as well as pricing and corporate action data on domestic and
international companies, together with terms and conditions data on corporate and
municipal bonds. Mergent subsidiaries provide services in independent equity research
and administration tools for portfolio building and measurement.
About Surge Exploration Inc. https://surgeexploration.com/
The Company is a Canadian‐based mineral exploration company which has been active in the
resource sector in British Columbia and elsewhere in Canada. The Company has an exploration office
in Santiago, Chile to review mineral exploration opportunities in Chile and elsewhere in South
America.
Cobalt Ontario Properties
The Company has an option to earn an undivided 60% interest in the Glencore Bucke Property and
the Teledyne Property, located in Cobalt Ontario.
3
Atacama Cobalto Project:
The Atacama Cobalto Project is located in the Atacama Province in northern Chile, 15 km northwest
of the town of Copiapó, where mining is the largest economic activity, and the mining industry is one
of the region’s major employers. The Atacama Cobalto Project consists of 1,059 hectares and is
located only 3 km East of the Cerro Iman Mine. To date, CAP Minería has drilled over 20,250 m on
the Atacama Coblato Project. The option on this project is subject to TSXV approval.
Hedge Hog Property, British Columbia
The Company has an option to earn an undivided 60% interest seven mineral tenure covering 2,418
hectares (5,972 acres) located approximately 80 km northeast of the town of Quesnel, BC and 20 km
north of the historic gold mining towns of Wells and Barkerville.
On Behalf of the Board of Directors
“Tim Fernback”
Tim Fernback
President & CEO
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 may contain forward‐looking statements which include, but are not limited to, comments that involve future events and
conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource
potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others
are forward‐looking. Forward‐looking statements are not guarantees of future performance and actual results may vary materially from those
statements. General business conditions are factors that could cause actual results to vary materially from forward‐looking statements.