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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData
Provider: GlobalData

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Slam Exploration Ltd Closes First Tranche of Private Placement

Thursday, 4 Jul 2013 03:09pm EDT 

Slam Exploration Ltd announced that it has closed the first tranche of its previously announced non-brokered private placement (the Private Placement) for aggregate gross proceeds of $145,000. Please see the Company's news release dated June 03, 2013 for further details regarding the Private Placement. The Company issued 2,900,000 flow-through units (each, a "FT-Unit") at a subscription price of $0.05 per FT-Unit for aggregate gross proceeds of $145,000 in connection with the first tranche. Each FT-Unit is 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 . The Company issued an aggregate of 1,450,000 Warrants as part of the FT-Units. Each Warrant entitles the holder thereof to acquire one non-flow-through common share at a price of $0.10 for a period of 12 months and at a price of $0.15 for an additional 12 months thereafter, expiring 24 months after the date of issuance. The FT-Units issued in connection with the first tranche are subject to a four-month and one day hold period until November 05, 2013. 

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26 Sep 2014