Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category
SLAM Revises Private Placement to Raise $760K
Published : November 20, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Gold | Market | Silver |

MIRAMICHI, NEW BRUNSWICK--(Marketwire - Nov. 20, 2012) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

SLAM Exploration Ltd. (News - Market indicators) (the "Company") announced today that it has revised the terms of its previously announced private placement. Pursuant to the revised terms, the Company will issue up to 3,000,000 flow-through units (the "FT-Units") at a price of $0.20 per FT-Unit and up to 1,000,000 non-flow-through Units (the "Units") at a price of $0.16 per Unit for aggregate gross proceeds of up to $760,000 (the "Private Placement"). Each FT-Unit will be comprised of one flow-through common share in the capital of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each non-flow-through Unit will be comprised of one common share and one Warrant. Each whole Warrant will entitle the holder thereof to acquire one non-flow-through common share at a price of $0.25 for a period of 12 months or at a price of $0.50 for an additional 12 months thereafter, expiring 24 months after the date of closing. The FT-Units and Units are subject to a four-month and one day hold period from the date of closing.

The Private Placement will be non-brokered; however, the Company may pay finder's fees in accordance with the rules and policies of the TSX Venture Exchange ("TSXV").

For additional information about this private placement call Darlene Ettinger at 506-627-1353 or 1.866.523.6719. The proceeds from the issuance of the FT-Units will be used to fund exploration on the Company's gold and base metal projects mainly in New Brunswick. The proceeds from the issuance of the Units will be used for general corporate purposes. The Private Placement remains subject to final approval of the TSXV.

About SLAM Exploration Ltd.

SLAM is a mineral resource company based in Miramichi, New Brunswick and is actively exploring new gold discoveries on its Menneval and NW Gold projects in northwestern New Brunswick. In addition, the Company owns the Nepisiguit and Nash Creek silver-base metal deposits, both NI 43-101 compliant and located in New Brunswick. The Company also owns a significant gold portfolio in Ontario including the Reserve Creek gold deposit. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com. Follow us on twitter @SLAMGold.

Certain information in this press release may constitute forward-looking information, including statements that address the Private Placement, future production, reserve potential, exploration and development activities and events or developments that the Company expects. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. There are a number of risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Corporate Inquiries
SLAM Exploration Ltd.
Mike Taylor
President & CEO
506.627.1353 or Toll Free: 866.523.6719
miketaylor@slamexploration.com
or
SLAM Exploration Ltd.
Brian Jones
Investor Relations
Toll Free: 855.800.6109 or Toronto: 647.729.1436
info@slamexploration.com
www.slamexploration.com

Slam Exploration Ltd.

EXPLORATION STAGE
CODE : SXL.V
ISIN : CA8310042053
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Slam Expl. is a zinc and lead development stage company based in Canada.

Slam Expl. holds various exploration projects in Canada.

Its main exploration properties are LEWIS BROOK, OPIKEIGEN, SILVERJACK, TSN, MIMINISKA-KEEZHIK, COSTIGAN, NASH CREEK, NEPISIGUIT, CADMAN LAKE and RESERVE CREEK in Canada.

Slam Expl. is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.2 millions as of today (US$ 865 472, € 804 716).

Its stock quote reached its highest recent level on May 27, 2005 at CA$ 9.90, and its lowest recent point on November 27, 2015 at CA$ 0.01.

Slam Expl. has 28 780 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Slam Exploration Ltd.
7/4/2013Closes First Tranche of Private Placement
6/3/2013Announces $800,000 Private Placement
11/20/2012Revises Private Placement to Raise $760K
10/31/2012Announces $1M Private Placement
Project news of Slam Exploration Ltd.
3/18/2015SLAM completes drilling program at Superjack
2/19/2015SLAM drilling program continues at Superjack
2/11/2015Slam launches Superjack drilling program
2/9/2015SLAM signs drilling contract for Superjack
2/18/2011(Silverjack)COMPLETES DRILLING AT SILVERJACK
1/21/2011(Reserve Creek)CUTS 19.7 M CORE INTERVAL GRADING 4.99 G/T GOLD
1/20/2011(Reserve Creek)CUTS 9.02 G/T GOLD OVER 15.1 M CORE INTERVAL
1/14/2011(Reserve Creek)CUTS 42.99 G/T GOLD OVER 1.0 M CORE INTERVAL
12/17/2010(Silverjack)DRILLING SOUTHWEST OF SILVERJACK
12/9/2010(Reserve Creek)DRILLS MORE INTERCEPTS AT RESERVE CREEK GOLD DEPOSIT
12/3/2010(Silverjack)DRILLING WIDESPREAD SILVERJACK MINERALIZATION
Corporate news of Slam Exploration Ltd.
7/26/2016SLAM Completes Private Placement
7/6/2016SLAM Acquires Lithium Property
6/29/2016SLAM To Receive Gold Mining Equipment On Schedule
6/1/2016SLAM Places Order for Gold Mining Equipment
5/18/2016SLAM Selling Base Metal Properties for Cash and Shares
4/14/2016IIROC Trading Resumption - SXL
4/14/2016SLAM Announces Gold Shaker Table Test Results
4/14/2016IIROC Trading Halt - SXL
3/7/2016SLAM Announces Gold Shaker Table Test Results
11/2/2015IIROC Trading Resumption - SXL
11/2/2015SLAM Signs $400,000 Agreement With MERC
11/2/2015IIROC Trading Halt - SXL
10/5/2015SLAM Receives Approval to Mine Gold With Bulk Sample
3/18/2015completes drilling program at Superjack
2/24/2015Slam announces $600,000 private placement
2/19/2015drilling program continues at Superjack
2/9/2015signs drilling contract for Superjack
10/31/2013Presenting at Exploration, Mining & Petroleum 2013 in Freder...
10/22/2013Digging Gold at Menneval
9/17/2013Digging for Gold at Menneval
8/6/2013Announces Change of Auditor
8/6/2013Announces Change of Auditor
7/25/2013Holds Annual and Special Meeting
3/27/2013Reports Successful Gold Liberation Tests
3/19/2013Drills 121 g/t Gold Over 0.31 m
3/13/2013Drills 22.97 g/t Gold Over 1.9 m
2/27/2013Reaching Out To 30,000 PDAC Delegates
2/11/2013Drilling Phase II Program on Gold Discovery
1/29/2013Announces Metallurgical Study on Maisie Zone
1/23/2013Presenting at Global Chinese Financial Forum
1/17/2013Reports 0.30 m Interval Grading 104 g/t Gold
1/10/2013s Diamond Drilling Program
1/4/2013s 47 Hole Diamond Drilling Program
1/2/2013Intersects Gold Bearing Quartz Vein in 3 Diamond Drill Holes
12/28/2012Expands Gold Zone With Additional Diamond Drill Holes
12/12/2012Diamond Drill Holes Hitting Gold Target
11/28/2012Raises $460K to Drill New Gold Discovery
11/14/2012Trenches More High Grade Gold
11/8/2012Team Members Receive Prospector of the Year Award for Gold D...
10/22/2012Assays Up to 1100 g/t Gold Over 1.1 Metre
10/22/2012Assays Up to 1100 g/t Gold Over 1.1 Metre
9/18/2012Presenting at CIM-NB Branch 37th Convention
9/13/2012Announces Grant of Stock Options
4/27/2011UPGRADES SILVER, LEAD, ZINC IN DEPOSIT
1/7/2011TO RESUME DRILLING FOR GOLD AT RESERVE CREEK
12/31/2010(angl) -SLAM ACQUIRING EXPERTISE TO BUILD A PRECIOUS METALS ...
12/2/2010 SLAM DRILLING FOR GOLD AT RESERVE CREEK/
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (SXL.V)Other OTC (SLMXF)
0.040+0.00%0.086+43.33%
TSX-V
CA$ 0.040
12/06 09:29 -
0%
Prev close Open
0.040 0.040
Low High
0.040 0.040
Year l/h YTD var.
0.040 -  0.120 -20.00%
52 week l/h 52 week var.
0.030 -  0.120 100.00%
Volume 1 month var.
3,333 -42.86%
24hGold TrendPower© : -27
Produces
Develops
Explores for Cobalt - Copper - Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
2016-20.00%0.140.03
201566.67%0.060.01
2014-80.00%0.210.03
2013-80.77%1.230.09
2012-62.86%2.400.36
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Pengrowth(Ngas-Oil)PGF-UN.TO
Announces Proposed Amendments to Convertible Debentures
CA$ 5.25+0.19%Trend Power :
Goldgroup(Le-Zn-Au)GGA.TO
Candelaria settles contingent payment to Goldgroup
CA$ 0.13+0.00%Trend Power :
Musgrave Minerals LTDMGV.AX
Patersons Securities Limited – MGV Research Note November 16, 2016 - 8:26 am
AU$ 0.07-1.33%Trend Power :
Royal Gold(Ag-Au-Cu)RGLD
Royal Gold Increases Common Stock Dividend 4.4% to $0.96 per Share
US$ 69.73-1.73%Trend Power :
Sims Metal Management LTDSGM.AX
Appendix 3B
AU$ 12.81+0.08%Trend Power :
Atlas Iron(Fe)AGO.AX
Change in substantial holding (Marathon)
AU$ 0.02+5.26%Trend Power :
Atlas Iron(Fe)AGO.AX
Change in substantial holding for Centaurus
AU$ 0.02+5.26%Trend Power :
Horizon Oil LTDHZN.AX
Amendment to Explanatory Memorandum Appendix 3B
AU$ 0.05+2.22%Trend Power :
Phosphate Australia LTDPOZ.AX
Change of Director's Interest Notice
AU$ 0.02-4.17%Trend Power :
Consolidated Zinc LTDCZL.AX
Further high grades intersected at Plomosas
AU$ 0.03+0.00%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
Tala Hamza Zinc Project ProgressesTowards Development
AU$ 0.12+9.52%Trend Power :
Altura(Au-Fe-Ta)AJM.AX
Pilgangoora Lithium-Strategic Partnership $40M Placement
AU$ 0.14+0.00%Trend Power :
Sprott Resources(Ag-Au-Co)SCP.TO
Resource Corp. Announces Holdings in InPlay Oil Corp.
CA$ 0.53-1.85%Trend Power :
Banro(Au)BAA
Announces Q3 2016 Financial and Operating Results
US$ 0.19+0.00%Trend Power :
Silver Standard(Ag-Au-Cu)SSO.TO
Corporate Exploration Update
CA$ 13.33-3.05%Trend Power :
Carnegie WaveCWE.AX
receivesA39.6m (AUD$15.5m) European Regional Development Fund grant for first international exp
AU$ 0.04-4.65%Trend Power :
Metals X(Au-Cu-Ni)MLX.AX
of Africa completes oversubscribed $9m Placement to advance Mozambique Graphite Projects
AU$ 0.65+11.68%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Portia Gold Mine Extension
AU$ 0.62-2.36%Trend Power :
Cardinal Res.CDV.AX
Appendix 3B
AU$ 0.22-6.25%Trend Power :
Altura(Au-Fe-Ta)AJM.AX
Pilgangoora Lithium Project - Procurement Update
AU$ 0.14+0.00%Trend Power :