Surge Copper (SURG) grants equity incentive awards

Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2) announces the grant of equity-based incentive awards under its Share Compensation Plan. The Company has awarded 4,583,334 restricted share units (RSUs) to employees and executives, and 3,431,372 deferred share units (DSUs) to non-executive directors, both based on the 5-day volume weighted average price on the TSX Venture Exchange.

The RSUs will vest in equal annual installments over three-years from the grant date. The DSUs, which are cash-settled, will vest upon the departure of the holder from the Company.

A copy of the Share Compensation Plan, approved by shareholders at the last annual general meeting, is available on the Company’s website.

MacLean East Property Acquisition

The Company has received TSX Venture Exchange approval for the MacLean East Property option agreement (see December 13, 2024 press release). The option agreement has been amended to cap the maximum number of Surge shares issuable at 18,722,222, with any remaining amounts owing, if any, to be paid in cash.

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