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9 June 20212 minute read

DLA Piper Canada advised Surge Copper‎ in $14 million private placement

On June 9, 2021, Surge Copper Corp. (TSXV: SURG) (“Surge Copper”) announced that they had closed a bought deal private ‎placement for total gross proceeds of $14‎ million. DLA Piper Canada advised Surge Copper on this transaction.

Surge Copper 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 and the company is also earning into a 70% interest in the Berg Property from Centerra Gold.

The private placement was carried out by a syndicate of underwriters led by PI Financial Corp., and ‎including Haywood Securities Inc. and Raymond James Ltd.‎ You can read more about the transaction here.

The DLA Piper Canada deal team in this transaction was led by Partner Denis G. Silva and ‎included Ruby M. Chan, Donald R. Collie, Nahal Iranpour, Christopher Ross, Kevin F. Fritz and Joe Furness.‎