Market Herald logo

Subscribe

Be the first with the news that moves the market
  • SLAM Exploration (SXL) has closed a private placement for gross proceeds of $76,500
  • The company issued 1,530,000 flow-through units at a price of $0.05 per FT unit
  • Proceeds raised will be used to fund the exploration of SLAM’s gold and base metal projects in Canada
  • SLAM is a resource company with base and precious metal properties in New Brunswick and Ontario
  • SLAM Exploration Ltd. (SXL) opened trading at C$0.025

SLAM Exploration (SXL) has closed a private placement for gross proceeds of $76,500.

The company issued 1,530,000 flow-through units at a price of $0.05 per FT unit. Each FT unit consists of one flow-through common share and one-half of one non-flow-through common share purchase warrant. Each whole warrant will entitle the holder to acquire one non-flow-through common share at a price of $0.05 for a period of 24 months.

The FT Units are subject to a statutory hold period expiring on April 21, 2023.

Proceeds raised will be used to fund the exploration of SLAM’s gold and base metal projects in Canada.

SLAM is a resource company with base and precious metal properties in New Brunswick and Ontario.

SLAM Exploration Ltd. (SXL) opened trading at C$0.025.


More From The Market Herald
Kraken Energy - Senior Geologist, Madeline Berry

" @ the Bell: TSX rebounds on energy & mining rally

Canada’s main stock index bounced back from earlier losses among the technology and utility sectors to close higher on Tuesday, thanks to an
01 Communique - Founder and CEO, Andrew Cheung.

" 01 Communique (TSXV:ONE) launches world’s first quantum-safe secure remote access

01 Communique (ONE) has upgraded its remote access service, I’m InTouch, using quantum mechanics.

" Prime Mining Corp. (TSXV:PRYM) outlines 2023 work program at its Los Reyes Project

Prime Mining Corp. (PRYM) provided an update on work at its Los Reyes Gold and Silver Project in Mexico.
Featured Video Play Icon

" Datametrex AI (TSXV:DM) subsidiary Nexalogy announces pending launch of AnalyticsGPT

Datametrex AI (DM) subsidiary, Nexalogy Environics, is working towards launching AnalyticsGPT (Analytics Generative Pre-Trained Transformer).