Brief: Surge Exploration Announces Spin-Out Company And Plan Of Arrangement

Surge Battery Metals

09/01/2019 13:38

Jan 9 (Reuters) - Surge Exploration Inc  SUR.V :
    * SURGE EXPLORATION ANNOUNCES SPIN-OUT COMPANY AND PLAN OF
ARRANGEMENT
    * SURGE EXPLORATION INC - BOARD OF DIRECTORS HAS APPROVED,
IN
PRINCIPLE, A STRATEGIC REORGANIZATION OF COMPANY'S ASSETS
    * SURGE EXPLORATION INC - COMPANY WOULD SPIN OFF ITS
INTERESTS IN
"HEDGE HOG" AND "MINERAL MOUNTAIN" EXPLORATION PROJECTS
    * SURGE EXPLORATION - SPIN OFF OF INTERESTS IN "HEDGE HOG"
AND
"MINERAL MOUNTAIN" EXPLORATION PROJECTS INTO A NEWLY
INCORPORATED UNIT CUGOLD CORP
    * SURGE EXPLORATION - TO CONTINUE TO HOLD ITS INTEREST IN
ITS
COBALT PROJECTS IN BOTH CHILE AND ONTARIO, AS WELL AS, ITS
LITHIUM BRINE PROJECT IN CHILE
    * SURGE EXPLORATION - RELATED TO SPIN-OUT, INTENDS TO
COMPLETE
PRIVATE PLACEMENT INTO CUGOLD FOR A MAXIMUM OF 15 MILLION UNITS
AT CAD$0.05 PER UNIT
    * SURGE EXPLORATION INC - INTENDS TO SEEK A LISTING OF
CUGOLD
COMMON SHARES ON CSE

Source text for Eikon:  ID:nCNWRlWSda 
Further company coverage:  SUR.V 

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