Surge Announces Fully Subscribed Private Placement
Suite 1220 ‐ 789 W Pender Street
Vancouver, BC V6C 1H2
Telephone: (778) 945‐2656
NEWS RELEASE
Surge Announces Fully Subscribed Private
Placement
Vancouver, BC – Sept 10, 2019 – Surge Exploration Inc. (“the Company” or “Surge”) (TSXV: SUR,
OTC: SURJF, FRA: DJ5C is pleased to announce a fully subscribed non‐brokered private placement
with a combination of units (“Units”) and flow‐through units. (“FT Units”) of the Company for gross
proceeds of $400,000. Each Unit and FT Unit are at $0.05.
Each Unit and FT Unit is comprised of one common share of the Company and one share purchase
warrant. Each share purchase warrant will entitle the holder thereof to purchase one additional
common share of the Company at an exercise price of $0.05 per share, for a period of two years from
closing, subject to TSX Venture Exchange (“Exchange”) approval.
The proceeds from the FT Units will be used to advance the Company’s British Columbia properties.
The proceeds from the Units will be used for exploration activities and for general working capital
purposes.
Finder’s fees will be paid in connection with the private placement and all finder’s fee payable are
subject to Exchange approval.
The closing of the private placement is expected to close on or before September 13, 2019. All
securities issued in connection with the private placement are subject to a four month and a day hold
period in accordance with applicable Securities Laws.
About Surge Exploration Inc.
The Company is a Canadian‐based mineral exploration company which has been active in the
resource sector in British Columbia and elsewhere in Canada.
Golden Triangle – Trapper Lake Property (Copper Gold), British Columbia
The Company owns 100% interest in the Golden Triangle – Trapper Lake Group of 23 mineral claims
which are located in the prolific Golden Triangle Region of northwestern British Columbia
approximately 90 km ENE from Juneau, Alaska. Surges’ staking program totals an area of
approximately 325 sq. km within the regionally important geological and structural trend. A large
portion of the new property is adjacent to the Thorn Project owned by Brixton Metal’s Corp.
(“Brixton”, TSXV: BBB) with the balance covering prospective open ground containing numerous
B.C. Minfile showings with Cu, Ag, Au values adjoining the boundaries of the Golden Bear Mine, a
480,000 oz Au past producer.
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In Brixton’s news release dated July 15, 2019 (Brixton News Release), they reported results from drill
hole THN19‐150, which was drilled to 829.06 metres depth at the Oban diatreme breccia pipe within
the Camp Creek copper corridor. Brixton reported a drill hole intercept of 1.97 grams per tonne gold
equivalent across 554.70 meters including 135.96M of 1.35 g/t Au, 0.31 % Cu, 133.62 g/t Ag or 5.00
g/t Aueq including 6M of 3.56% Cu, 3.37 g/t Au, 257.77 g/t Ag. Structural mapping and soil‐rock
geochemistry at the Chivas zone and relogging of select core from the Glenfiddich zone were also
conducted as part of the overall exploration program at the Thorn Project.
Mineral Mountain Properties (Copper Gold) British Columbia
The Company owns a 100% interest in the Omineca Group of 12 claim blocks which are located in
the Omineca Mining Division of north‐central British Columbia, approximately 150 km north of Fort
St. James. The claims are not subject to any royalty terms, back‐in rights, payments or any other
agreements and encumbrances.
B.C. Minfile assessment report data indicates that most of the area covered by the Omineca Group
claim blocks were at one time or another covered by staking during surges of exploration in B.C.
dating from the 1940’s to present day. Largely the claims appear to have been minimally explored
with little follow‐up. However, some work was recorded on several claims with results for stream
sediment sampling showing anomalous to highly anomalous results for gold in a few areas. These
areas were recommended for detailed follow‐up, however due to a previous commodity price
downturn no further work was recorded.
Prominent among early discoveries in the Omineca region were the nearby Lustdust/Stardust
property (Sun Metals Corp. TSXV: SUNM ) covering a large, coherent integrated porphyry‐skarn‐
manto, epithermal system; the Kwanika property ( Serengeti Resources Inc./POSCO
Daewoo TSXV: SIR) a promising advanced stage copper‐gold project; the Lorraine property ( Teck
Resources and Sun Metals) host to a significant copper gold NI 43‐101 compliant resource. The
Surge tenures are located between the Kemess North project being developed by Centerra Gold’s
subsidiary Aurico Metals and Centerra Gold’s operation Mt Milligan mine.
Hedge Hog Property, (Copper Gold) 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.
Ontario Cobalt Properties (Cobalt) Ontario
The Company has an option to earn an undivided 60% interest in the Glencore Bucke Property and
the Teledyne Property, located in Cobalt, Ontario Canada.
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.