Surge Copper Appoints Leif Nilsson as Chief Executive Officer
Surge Copper Corp.
PO Box 10351
888-700 West Georgia Street
Vancouver, BC, V7Y 1G5
t: +1 604 718 5454
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SURGE COPPER APPOINTS LEIF NILSSON AS CHIEF EXECUTIVE OFFICER
January 4, 2021, Vancouver, British Columbia – Surge Copper Corp. (TSXV:SURG)
(“Surge” or the “Company”) is pleased to announce the appointment of Leif Nilsson as
Chief Executive Officer of Surge. Dr. Shane Ebert will continue as President and VP
Exploration of the Company.
Mr. Nilsson has dedicated the last 15 years to a career in mining advisory and investment
banking for various Canadian and international firms, most recently serving as Senior
Vice President at an Australian multinational investment bank with a market leading
mining advisory practice. He has advised on many high-profile M&A and Canadian capital
markets transactions and has built a reputation for excellence and integrity. Mr. Nilsson
holds an Honours Bachelor of Science in Physics and Exploration Geophysics from the
University of Toronto and a Master in Finance from INSEAD.
Dr. Shane Ebert, President of Surge, commented: “ As part of the recent rejuvenation of
activity at Surge, including the addition of new board members and the acquisition of the
Berg project, we set out to establish new leadership for the next phase of growth at Surge.
The Company requires an executive with specific skills that Leif brings to bear, and both
myself and the rest of the board are very pleased to welcome Leif to the team.”
Pat Glazier, Chairman of Surge, commented: “ I am delighted to have Leif lead the
business as we advance our pr ojects, continue to build out and develop the team, and
pursue further growth initiatives. With Leif’s expertise, Shane’s deep knowledge and
experience with the Ootsa project, and the acumen brought by the recent additions of
highly experienced board and advisory team members, I am excited by what our growing
team will deliver.”
Leif Nilsson commented: “I am thrilled to be joining Surge at this point in the Company’s
trajectory. Surge controls unique and high -quality assets which fo rm an excellent
foundation to build shareholder value. The Company’s board and management team
have the right skills and track record to deliver on our ambitions and I look forward to
collaborating with all of the Company’s stakeholders to build sustainable value.”
The Company also announces that the board has approved the grant of 7,965,000
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 $0.69 per share, and expire five years from the date
of grant.
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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. There are 2 drills
working at the project with drilling focused on d efining the extent of the large West Seel
deposit and testing new targets along the Seel Trend.
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 a large copper -molybdenum-silver mineralized zone with
historical resources . 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
“Leif Nilsson”
Chief Executive Officer
For more information, please contact:
Leif Nilsson
Chief Executive Officer
Email: [email protected]
Riley Trimble
Corporate Communications
Telephone: +1 604-416-2978
Email: [email protected]
To find more information on Surge Copper Corp., please visit:
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, uncer tainties 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 forwar d-looking-statements. Such
uncertainties and risks may include, among others, actual results of the Company's
Surge Copper Corp. 3
exploration activities being different than those expected by management, delays in
obtaining or failure to obtain required government or other re gulatory approvals or
financing, inability to procure equipment and supplies in sufficient quantities and on a
timely basis, equipment breakdown 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 suggesti ons 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.