On April 24, 2024, Surge Copper Corp. closed the transaction. The company announced that it has issued 10,000,000 common shares at an issue price of CAD 0.10 per share for the gross proceeds of CAD 1,000,000. The Company paid finders fees totaling $6,000 to PI Financial Corp. and EDE Asset Management Inc. in connection with the Side-Car Private Placement. Insiders of the Company subscribed for a total of 875,000 Side-Car Common Shares. The transaction included participation from 23 investors inlcuding two existing insiders for 8,750 common shares

On April 30, 2024, the company announced that the transaction has been approved by the TSX Venture Exchange.