Surge Resources Inc.

August 05, 2005 13:59 ET

483,500 Surge Resources Inc. Warrants Exercised

CALGARY, ALBERTA--(CCNMatthews - Aug. 5, 2005) - Surge Resources Inc. (TSX VENTURE:SRH) ("Surge") is pleased to announce that warrant holders have exercised a total of 483,500 warrants resulting in the issuance of 483,500 common shares. The warrants were issued as part of a unit private placement which closed on January 20, 2005 and the remainder of the warrants issued pursuant to the private placement expired unexercised. Of the 483,500 warrants exercised, 408,500 were exercised at a price of $0.55 per common share and 75,000 were exercised at a price of $0.60 per common share for total gross proceeds of $269,675.

This release may contain forward looking statements within the meaning of the "safe harbor" provisions of US laws. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward looking statements. Ensel does not assume any obligation to update any forward looking information contained in this news release.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Surge Resources Inc.
    Ray Antony
    (403) 264-6944