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SLAM Exploration Ltd. Announces Private Placement Offering to Raise Funds for Exploration Projects
Introduction
SLAM Exploration Ltd. (TSXV: SXL) has announced a non-brokered private placement offering to raise up to $468,000 to fund exploration projects in New Brunswick.
Offering Details
The offering includes the issuance of non-flow-through units and flow-through units, with each unit consisting of common shares and share purchase warrants.
The gross proceeds from the offering will be used for corporate purposes and exploration activities on SLAM’s Goodwin copper-nickel project.
Expected Closing and Regulatory Approvals
The offering is expected to close on or about December 10, 2024, subject to regulatory approvals including acceptance from the TSX Venture Exchange.
All securities issued will be subject to a hold period of four months and one day.
Company Overview
SLAM Exploration Ltd. is a public resource company with mineral claim holdings in New Brunswick. The company has ongoing exploration projects including copper-nickel and gold projects in the region.
Qualifying Statements
Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., is a qualified person under National Instrument 43-101. The company cautions that forward-looking statements involve risks and uncertainties that could impact future results.
Contact Information
For more information, contact:
Mike Taylor, President & CEO at 506-623-8960 or email [email protected]
Eugene Beukman, CFO at 604-687-2038 or email [email protected]
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