Business

Slam Receives Share Payment

Slam Receives Share Payment Canada NewsWire MIRAMICHI, NB, March 20, 2018 ...

articleSlam Exploration Ltd.March 20, 20184/company/slam-exploration-ltd/news/slam-receives-share-payment
Slam Receives Share Payment

About this update from Slam Exploration Ltd.

[{"type":"text","content":"\n\n\n\nSlam Receives Share Payment\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\n\n\n\n\n\n\nCanada NewsWire\nMIRAMICHI, NB, March 20, 2018\n\n\n\nTSXV: SXL  \n\nSells Mining Equipment For 1.1M Shares\n\n\n\nMIRAMICHI, NB, March 20, 2018 /CNW/ - SLAM Exploration Ltd. (TSXV: SXL) (\"SLAM\" or the \"Company\") is pleased to announce it has received 1,100,000 shares of Great Atlantic Resources Corp. (TSXV: GR) in return for a turnkey portable gold mining plant. As announced by Great Atlantic on February 28, 2018, the shares were issued at a deemed price of nine cents per share in lieu of the cash amount of $99,000 in consideration of the purchase.\n\nAbout Great Atlantic Resources Corp: Great Atlantic Resources is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the No. 1 mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a project generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada: antimony, tungsten and gold.\n\nSLAM Exploration Ltd. also reports a revision to a news release issued by SLAM on January 30, 2018 regarding acquisition of a new cobalt claim adjacent to SLAM's Portage VMS property. In the 3rd paragraph, it was incorrectly stated that the Company \"can purchase the royalty at any time for $2,000,000\". This should have stated \"the Company can purchase the royalty at any time for $1,000,000\".\n\nAbout SLAM Exploration Ltd:SLAM is a project-generating resource company holding an NSR royalty on the Superjack, Nash Creek and Coulee zinc-lead-copper-silver properties and owning a portfolio of base metal and cobalt properties in the Bathurst Mining Camp (\"BMC\") of New Brunswick. The Company continues to utilize its extensive BMC mineral database to explore and develop properties in this historic region of mineral potential. Other projects include the Menneval gold project and the Reserve Creek and Miminiska gold projects in...

More updates from Slam Exploration Ltd.