- SLAM Exploration (SXL) announces a private placement for gross proceeds of $287,975.79
- 3.2 million flow-through units are being offered at a price of $0.09 per unit
- Proceeds will be used to fund exploration on SLAM’s gold and base metal projects in Canada
- SLAM Exploration is a project-generating resource company focused on its flagship Menneval Gold Project
- SLAM Exploration Ltd. (SXL) is up 14.29 per cent, trading at C$0.08 per share at 2:45 pm ET
SLAM Exploration (SXL) announces a private placement of 3,199,731 flow-through units for gross proceeds of $287,975.79.
The company is offering flow-through units at a price of $0.09 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one non-flow-through common share at a price of $0.10 for a period of 24 months from the date of issuance.
The flow-through units will be subject to a four-month and one-day hold period from the date of issuance.
Proceeds will be used to fund exploration on SLAM’s gold and base metal projects in Canada with the main focus on the Menneval gold project in New Brunswick.
The private placement remains subject to the approval of the TSXV.
SLAM Exploration is a project-generating resource company focused on its flagship Menneval Gold Project where the 2021 trenching program is underway.
SLAM Exploration Ltd. (SXL) is up 14.29 per cent, trading at C$0.08 per share at 2:45 pm ET.
