Jan 9 (Reuters) - Surge Exploration Inc SUR.V :
* SURGE EXPLORATION ANNOUNCES SPIN-OUT COMPANY AND PLAN OF ARRANGEMENT
* SURGE EXPLORATION INC - BOARD OF DIRECTORS HAS APPROVED, IN PRINCIPLE, A STRATEGIC REORGANIZATION OF COMPANY'S ASSETS
* SURGE EXPLORATION INC - COMPANY WOULD SPIN OFF ITS INTERESTS IN "HEDGE HOG" AND "MINERAL MOUNTAIN" EXPLORATION PROJECTS
* SURGE EXPLORATION - SPIN OFF OF INTERESTS IN "HEDGE HOG" AND "MINERAL MOUNTAIN" EXPLORATION PROJECTS INTO A NEWLY INCORPORATED UNIT CUGOLD CORP
* SURGE EXPLORATION - TO CONTINUE TO HOLD ITS INTEREST IN ITS COBALT PROJECTS IN BOTH CHILE AND ONTARIO, AS WELL AS, ITS LITHIUM BRINE PROJECT IN CHILE
* SURGE EXPLORATION - RELATED TO SPIN-OUT, INTENDS TO COMPLETE PRIVATE PLACEMENT INTO CUGOLD FOR A MAXIMUM OF 15 MILLION UNITS AT CAD$0.05 PER UNIT
* SURGE EXPLORATION INC - INTENDS TO SEEK A LISTING OF CUGOLD COMMON SHARES ON CSE