(TheNewswire)
March 11, 2021 - TheNewswire - V ancouver, BC,Canada - S urge Exploration Inc. (“theCompany” or “Surge”) (TSXV:SUR )( OTC:SURJF ) ( FRA:DJ5C) is pleased to announce that the Board ofDirectors has approved the name change to “ Surge Battery Metals Inc. ” The Company’s shares will commence trading under the newname and new trading symbol “ NILI ”, effective, Monday, March 15, 2021 atthe market open. The Company’s new CUSIPnumber will be 86882X109. The name change is subject to TSX VentureExchange approval.
The Company believesthat the change of name to “Surge Battery Metals Inc.” will betterreflect the direction of the Company as its focus will be on exploration for high value battery metalsrequired for the electric vehicle (EV) market.
In connection with therebranding of the Company as “ Surge Battery Metals Inc.” and the recentlycompleted equity financing raising $2,400,000, the Company willcontinue to create shareholder value by searching out strategicprojects to add to its portfolio.
In connection with thename change and rebranding, the Company plans to launch a new websiteand social media sites.
The Company also announces that Konstantin Lichentwaldhas been appointed as Chief Financial Officer in place of Tak Tsan(Simon) Tso, effective today.
Mr. Lichtenwald specializes in providing corporatefinance, valuation, taxation, financial reporting, consulting andother accounting services to both small businesses as well as publiccommodity resource companies. He also assists in many aspects ofclients' administration, financing and other activities. Mr.Lichtenwald also worked at Ernst & Young GmbH, Germany, in theassurance department. He earned his bachelor of businessadministration from Pforzheim University, Germany, and holds theprofessional designation of chartered professional accountant (CPA,CGA), and he is a member of Chartered Professional Accountants ofBritish Columbia and Canada. Mr. Lichtenwald has had extensiveexperience as a controller and CFO of numerous publicly traded andprivate corporations in several industries.
The board thanks Simon Tso for his contributions to theCompany
About Surge Exploration Inc.
The Company is a Canadian-based mineral explorationcompany which has been active in the resource sector in BritishColumbia and elsewhere in Canada.
Vancouver Island Caledonia (PolyMetallic) Project, British Columbia
Surge Exploration Inc. has entered into a PropertyOption Agreement to acquire a 100% interest in seven (7) mineralclaims known as the Caledonia, Cascade and Bluebell, subject to a NSR
between 1-2%. Located in the Nanaimo Mining District ofnorthern Vancouver Island, the claims are adjacent to the jointventure partnership between Freeport-McMoRan and Northisle Copper and Gold Inc. Under the terms of this joint venture partnershipagreement, Freeport-McMoRan can earn up to a 65% withC$24 million in exploration expenditures over sevenyears. Freeport-McMoRan is currently one of theworld’s largest copper producers.
On Behalf of the Board ofDirectors
“Rick Wilson”
Richard Wilson
President & CEO
778-945-2656
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. This news release may containforward?looking statements which include, but are not limited to,comments that involve future events and conditions, which are subjectto various risks and uncertainties. Except for statements ofhistorical facts, comments that address resource potential, upcomingwork programs, geological interpretations, receipt and security ofmineral property titles, availability of funds, and others areforward?looking. Forward?looking statements are not guarantees offuture performance and actual results may vary materially from thosestatements. General business conditions are factors that could causeactual results to vary m
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