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SLAM Increases Private Placement up to $650,000
SLAM Increases Private Placement up to $650,000 Canada NewsWire MIRAMICHI, NB, D...
About this update from Slam Exploration Ltd.
[{"type":"text","content":"\n\n\n\nSLAM Increases Private Placement up to $650,000\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMIRAMICHI, NB, Dec. 12, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nMIRAMICHI, NB, Dec. 12, 2017 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (the \"Company\") announces an increase in its private placement with an additional 1,500,000 non-flow-through units (the \"Units\") and an additional 1,500,000 flow-through units (the \"FT Units\"). The increased private placement will now comprise up to 3,500,000 non-flow-through units a price of $0.05 per Unit and up to 9,500,000 flow-through units (the \"FT Units\") at a price of $0.05 per FT Unit for gross proceeds of up to $650,000 (the \"Private Placement\"). Each Unit will be comprised of one common share in the capital of the Company and 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 $0.055 for a period of 36 months from 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.\n\nThe Private Placement is offered to investors on a non-brokered basis and expected to close on or about December 15, 2017. The Company may pay finders' fees in accordance with the rules and policies of the TSX Venture Exchange (\"TSXV\"). 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 call Mike Taylor at 506-623-8960.\n\nProceeds received from the Units will be used for general corporate purposes. Proceeds received from the FT Units will be used to fund exploration on SLAM's cob...