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Slam Exploration Ltd.

Publié le 24 février 2015

Slam announces $600,000 private placement

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Mots clés associés :   Copper | Zinc |

Slam announces $600,000 private placement

/Not for Distribution to U.S. Newswire Services or for Dissemination in the United States /

MIRAMICHI, NB , Feb. 24, 2015 /CNW/ - SLAM Exploration Ltd. (SXL.V) (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.

Proceeds received from the Units will be used for general corporate purposes. Proceeds received from the FT Units will be used to fund exploration on the Company's base metal and gold projects in New Brunswick . The main focus is the Superjack zinc-lead-copper-silver deposit 30 km south of the Trevali's Caribou mine-site in the Bathurst Mining Camp.

About SLAM Exploration Ltd.SLAM owns a portfolio of road accessible mineral properties within driving distance of the corporate head office in Miramichi, New Brunswick . This portfolio includes the Superjack (formerly Nepisiguit) and Nash Creek base metal-silver deposits that both contain resources conforming to NI43-101 standards. The Company discovered an extension of the Superjack-A massive sulphide deposit in 2011 and discovered the Maisie gold deposit on its Menneval project in 2012. The Company also owns a significant gold portfolio in Ontario that includes 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 private placements, closing dates, future production, reserve potential, exploration and development activities and events or developments expected by the Company.  Current expectations are subject to significant risks and uncertainties.  Since there are a number of risk factors that could cause future results to differ materially from those described herein, actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements.  Information identifying risks and uncertainties is published in SLAM corporate documents filed with the Canadian securities regulators 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.

SOURCE SLAM EXPLORATION LTD.

Lire la suite de l'article sur finance.yahoo.com

Slam Exploration Ltd.

EXPLORATEUR
CODE : SXL.V
ISIN : CA8310042053
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Slam Expl. est une société développant des projet miniers de zinc et de plomb basée au Canada.

Slam Expl. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont LEWIS BROOK, OPIKEIGEN, SILVERJACK, TSN, MIMINISKA-KEEZHIK, COSTIGAN, NASH CREEK, NEPISIGUIT, CADMAN LAKE et RESERVE CREEK au Canada.

Slam Expl. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 287 800 CA$ (205 469 US$, 188 990 €).

La valeur de son action a atteint son plus haut niveau récent le 27 mai 2005 à 9,90 CA$, et son plus bas niveau récent le 08 avril 2020 à 0,01 CA$.

Slam Expl. possède 28 780 000 actions en circulation.

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Financements de Slam Exploration Ltd.
04/07/2013Closes First Tranche of Private Placement
03/06/2013Announces $800,000 Private Placement
31/10/2012Announces $1M Private Placement
Projets de Slam Exploration Ltd.
18/03/2015SLAM completes drilling program at Superjack
19/02/2015SLAM drilling program continues at Superjack
11/02/2015Slam launches Superjack drilling program
09/02/2015SLAM signs drilling contract for Superjack
18/02/2011(Silverjack)COMPLETES DRILLING AT SILVERJACK
21/01/2011(Reserve Creek)CUTS 19.7 M CORE INTERVAL GRADING 4.99 G/T GOLD
Communiqués de Presse de Slam Exploration Ltd.
18/03/2015completes drilling program at Superjack
24/02/2015Slam announces $600,000 private placement
19/02/2015drilling program continues at Superjack
31/10/2013Presenting at Exploration, Mining & Petroleum 2013 in Freder...
22/10/2013Digging Gold at Menneval
17/09/2013Digging for Gold at Menneval
06/08/2013Announces Change of Auditor
06/08/2013Announces Change of Auditor
25/07/2013Holds Annual and Special Meeting
27/03/2013Reports Successful Gold Liberation Tests
19/03/2013Drills 121 g/t Gold Over 0.31 m
13/03/2013Drills 22.97 g/t Gold Over 1.9 m
11/02/2013Drilling Phase II Program on Gold Discovery
29/01/2013Announces Metallurgical Study on Maisie Zone
23/01/2013Presenting at Global Chinese Financial Forum
17/01/2013Reports 0.30 m Interval Grading 104 g/t Gold
10/01/2013s Diamond Drilling Program
04/01/2013s 47 Hole Diamond Drilling Program
12/12/2012Diamond Drill Holes Hitting Gold Target
08/11/2012Team Members Receive Prospector of the Year Award for Gold D...
22/10/2012Assays Up to 1100 g/t Gold Over 1.1 Metre
22/10/2012Assays Up to 1100 g/t Gold Over 1.1 Metre
18/09/2012Presenting at CIM-NB Branch 37th Convention
13/09/2012Announces Grant of Stock Options
27/04/2011UPGRADES SILVER, LEAD, ZINC IN DEPOSIT
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