SLAM Exploration Announces Private Placement

SLAM Exploration Ltd. (TSXV:SXL) announced a $600,000 private placement comprised of up to 4,000,000 non-flow-through units at $0.05 per Unit and up to 8,000,000 flow-through units at a price of $0.05 per FT Unit.

As quoted in the press release:

SLAM Exploration Ltd. (TSXV:SXL) (the “Company”) announces a private placement of up to 4,000,000 non-flow-through units (the “Units”) at a price of $0.05 per Unit and up to 8,000,000 flow-through units (the “FT Units”) at a price of $0.05 per FT Unit for gross proceeds of up to $600,000 (the “Private Placement”). Each Unit will be comprised of one common share in the capital of the Company and one-half of one common share purchase warrant. Each FT Unit will be comprised of one common share in the capital of the Company issued on a “flow-through” basis and one-half of one common share purchase warrant issued on a non-flow-through basis (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one non-flow-through common share at a price of $0.05 for a period of 12 months and at a price of $0.10 for an additional 12 months thereafter, expiring 24 months after the date of issuance. The Units and FT Units are subject to a four-month and one day hold period from the date of issuance.

The Private Placement is offered to qualifying investors and fund managers on a non-brokered basis. The Company may pay finder’s fees in accordance with the rules and policies of the TSX Venture Exchange (“TSXV”). The Company anticipates there may be Insider participation for which a finder’s fee will not be paid. The Private Placement remains subject to the approval of the TSXV. For additional information about this financing call Mike Taylor at 506-627-1353 or toll-free 1.866.523.6719.

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