TSX-V:
SURG
OTCQX:
SRGXF
Frankfurt:
G6D2
|
VANCOUVER, BC, July 28, 2021 /CNW/ - Surge Copper
Corp. (TSXV: SURG) (OTCQX: SRGXF) (Frankfurt: G6D2) ("Surge"
or the "Company") is pleased to announce that as part of
its ongoing board renewal initiative, the Board of Directors has
approved the nomination of Richard
Colterjohn and John Dorward
to be elected to the Board of Directors at the upcoming Annual
General Meeting of shareholders on September
22, 2021.
Leif Nilsson, CEO and Director,
commented: "We are delighted to be nominating Richard and John
to join the board of Surge. I have personally worked with both
individuals in prior roles and know them to be among the most
astute professionals in the industry who will bring highly relevant
experience and expertise to the board of Surge. I look forward to
their contributions and guidance as we continue to build the
Company."
Richard Colterjohn has served as
Managing Partner of Glencoban Capital Management Inc., a merchant
banking firm, since 2002. He has over 25 years of involvement in
the mining sector, as an investment banker, director, and operator.
Prior to co-founding Glencoban Capital, he served as a Managing
Director at UBS Bunting Warburg from 1992 to 2002, where he was
Head of Mining Sector investment banking activities in Canada. In 2004, he founded Centenario Copper
Corporation and served as the President and CEO and a director
until the sale of the company in 2009. Mr. Colterjohn has served on
the boards of nine additional publicly traded mining companies,
including: Canico Resource Corp., Cumberland Resources Ltd.,
Viceroy Exploration Ltd., Explorator Resources Ltd., AuRico Gold
Inc., Aurico Metals Inc., Mag Silver Corp., Harte Gold Corp., and
Roxgold Inc. Mr. Colterjohn holds a B.Comm. from the University of Toronto, an MBA from IMD, and is an
Accredited Director.
John Dorward has over 25 years of
experience in the mining and finance industries. Mr. Dorward most
recently served as President, CEO, and Director of Roxgold Inc.,
leading the business for over eight years from the early resource
stage, through mine commissioning, five years of production growth,
and several major finance and asset acquisition transactions,
culminating in its acquisition by Fortuna Silver Mines Inc. Prior
to Roxgold, Mr. Dorward held senior business development and
finance roles at Fronteer Gold Inc., Mineral Deposits Limited,
Leviathan Resources Limited, and MPI Mines Limited. Mr. Dorward is
currently a non-executive chair on the board of directors of
Contact Gold Corp.
Patrick Bell and Kinder Deo have decided not to stand for
re-election at the conclusion of their current terms but will be
continuing to serve as advisors to Surge.
Further information regarding the nominees will be provided in
the management information circular which will be provided to
shareholders in advance of the Annual General Meeting.
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.
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 pit constrained 43-101 compliant resources of copper,
molybdenum, and silver in the Measured and Indicated categories.
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"
CEO and Director
For further information, please contact:
Telephone: +1 604 416 2978 or +1 604 558 5847
info@surgecopper.com
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, the ability to obtain adequate
financing to conduct its planned exploration programs, inability to
procure labour, equipment and supplies in sufficient quantities and
on a timely basis, equipment breakdown, impacts of the current
coronavirus pandemic, 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.