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Surge announces closing of $247.5 million equity financing

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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ CALGARY, July 3, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the closing of its previously announced $247.5 million equity financing. The financing was completed in connection with the previously announced acquisition (the "Acquisition") by the Company of certain assets in Saskatchewan. The Company issued 15,000,000 units ("Units") of the Company on a "bought deal" basis at a price of $15.00 per Unit, for gross proceeds of $225 million as part of a "bought deal" financing with a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and...

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