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 C0.095persharefortotalconsiderationofapproximatelyC0.095 per share for total consideration of approximately C3,930,474.33 (the “Private Placement”). Immediately prior to the Private Placement, ARM held no Surge Shares or other securities of Surge. Upon closing of the Privat ...