African Rainbow Minerals Ltd. announces that it has signed a subscription agreement agreeing to purchase 25,781,715 common shares of Surge Copper Corp. at a price of C$0.175 per Common Share for total consideration of approximately C$4,511,800.13 pursuant to a non-brokered private placement . On July 18, 2024, pursuant to an investor rights agreement between ARM and Surge dated May 31, 2024, ARM exercised in full its [...]
African Rainbow Minerals Ltd. announces that it has purchased 41,373,414 common shares in the capital of Surge Copper Corp. 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 . Immediately prior to the Private Placement, ARM held no Surge Shares or other securities of Surge. Upon closing of the Private Placement, ARM owns 41,373,414 Surge [...]
African Rainbow Minerals Ltd. announces that it has agreed to subscribe for, through its wholly-owned subsidiary ARM Copper Company Proprietary Limited , 39,608,708 common shares in the capital of Surge Copper Corp. pursuant to a non-brokered private placement at a price of C$0.095 per share for total consideration of approximately C$3,762,827 . Closing of the Private Placement is expected to occur in approximately four [...]
