African Rainbow Minerals Limited Acquires Shares of Surge Copper Corp.
MTXMTI(MTX) GlobeNewswire News Room·2024-06-03 20:41

TORONTO, June 03, 2024 (GLOBE NEWSWIRE) -- African Rainbow Minerals Limited (JSE: ARI) (A2X: ARI) (“ARM”) announces that it has purchased 41,373,414 common shares (“Surge Shares”) in the capital of Surge Copper Corp. (“Surge”) pursuant to a non-brokered private placement at a price of C$0.095 per share for total consideration of approximately C$3,930,474.33 (the “Private Placement”). Immediately prior to the Private Placement, ARM held no Surge Shares or other securities of Surge. Upon closing of the Privat ...