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 | 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
Companies Mentionned : New Gold |
Data and Statistics for these countries :
Gold and Silver Prices for these countries :

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
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Slam Exploration Ltd.
12/4/2009EPA financial requirements could slam explorers and other U....
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.
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.
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)
0.030+0.00%0.020-52.61%
TSX-V
CA$ 0.030
12/17 15:41 -
0%
Prev close Open
0.030 0.030
Low High
0.030 0.030
Year l/h YTD var.
0.015 -  0.070 -57.14%
52 week l/h 52 week var.
0.015 -  0.070 -25.00%
Volume 1 month var.
81,632 -40.00%
24hGold TrendPower© : -39
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
2014-40.00%0.070.04
2013-77.27%0.410.03
2012-68.57%0.800.12
2011-69.57%2.400.50
2010228.57%2.700.50
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.