- 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.
