VANCOUVER, BC, Jan. 4, 2021 /CNW/ - 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 projects, 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
form 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.
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 defining 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:
leif.nilsson@surgecopper.com
|
Riley
Trimble
Corporate
Communications
Telephone: +1
604-416-2978
Email:
info@surgecopper.com
|
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, 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 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 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.
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SOURCE Surge Copper Corp.