Vancouver, BC – September 21, 2018 – Surge Exploration Inc. (“the Company” or “Surge”) (TSX-V: SUR, OTC: SURJF, FRA: DJ5C) is pleased to announce that it has entered into a Corporate Advisory Agreement with Wellington Shields & Co. LLC (“Wellington Shields” or “WS&Co.”) effective September 20, 2018.
Wellington Shields has been retained by the Company to assist with the development of its US corporate strategy and its various investor marketing materials, the selection of future Surge board members, the structure of future US private placements, (including due diligence processes and investor verification services) and to assist Surge with an overall uplisting strategy to the NYSE or NASDAQ.
Mr. Tim Fernback, President & CEO of Surge, states “Having a well-respected and trusted corporate advisor closely working with us as we grow our company is essential to unlocking long term shareholder benefit. Wellington Shields has successfully helped many companies such as ours and we look forward to working with their team of professionals as we grow.”
The origins of Wellington Shields as a New York-based financial services firm date back to 1925. Wellington Shields currently manages Morningstar investment funds and operates six regional offices throughout the US. They are a specialist in the middle market, providing corporate finance, research and valuation services to its corporate clients.
Mr. Edward Cabrera, WS&Co. Head of Investment Banking adds “Surge Exploration is a great example of rapidly growing company looking to contribute to the green energy industry/ electric vehicle market with its world class cobalt exploration properties. We believe that with the right guidance and support, Surge could be a significant player in this market.”
About Wellington Shields & Co.
Wellington Shields is a registered full-service broker dealer and long standing member of the New York Stock Exchange (“NYSE”). The origins of Wellington Shields & Co. LLC date back to 1925. We are a full-service financial firm providing comprehensive financial advice and superior service to the individual and institutional investor. Wellington Shields & Co. LLC, headquartered in New York, serves clients through a network of professionals in offices throughout the East Coast of the United States. We are members of the NYSE, National Association of Securities Dealers (“NASD”), Financial Industry Regulatory Authority (“FINRA”), and the Securities Investor Protection Corporation (“SIPC”). Wellington Shields has a corporate focus on wealth preservation, minimizing taxes, and providing superior service and their core services include investment advisory, investment banking, brokerage, mutual funds, research, and insurance.
About Surge Exploration Inc. https://surgeexploration.com/
The Company is a Canadian-based mineral exploration company which has been active in the resource sector in British Columbia and elsewhere in Canada. The Company has an exploration office in Santiago, Chile to review mineral exploration opportunities in Chile and elsewhere in South America.
Cobalt Ontario Properties
The Company has an option to earn an undivided 60% interest in the Glencore Bucke Property and the Teledyne Property, located in Cobalt Ontario.
Atacama Cobalto Project:
The Atacama Cobalto Project is located in the Atacama Province in northern Chile, 15 km northwest of the town of Copiapó, where mining is the largest economic activity, and the mining industry is one of the region’s major employers. The Atacama Cobalto Project consists of 1,059 hectares and is located only 3 km East of the Cerro Iman Mine. To date, CAP Minería has drilled over 20,250 m on the Atacama Coblato Project. The option on this project is subject to TSXV approval.
Hedge Hog Property, British Columbia
The Company has an option to earn an undivided 60% interest seven mineral tenure covering 2,418 hectares (5,972 acres) located approximately 80 km northeast of the town of Quesnel, BC and 20 km north of the historic gold mining towns of Wells and Barkerville.
On Behalf of the Board of Directors
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward‐looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward‐looking. Forward‐looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward‐looking statements.