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Slam Exploration Ltd V.SXL

Alternate Symbol(s):  SLMXF

SLAM Exploration Ltd. is a Canadian junior resource company holding a portfolio of gold and base metal projects. The Company is engaged in the acquisition, exploration and development of exploration and evaluation properties in New Brunswick, Nova Scotia, and Ontario, Canada. The Company's projects include Mine Road Project, Menneval Gold Project, Ear Falls Lithium Project, Jake Lee Gold Project, Highway Gold Project, Keezhik Gold, Dam Lake Project, and others. The Mine Road Project is a significant addition to its portfolio of wholly owned BMC projects that include Goodwin, O'Hearn-Strachens, California Lake, Lower 44, LBM, North Rim, Portage, Satellite, Nine Mile, and Red Pine. The Highway project has demonstrated polymetallic potential with 10 known mineral occurrences that include zinc, silver, copper, cobalt, molybdenum and tin as well as gold. The Company holds NSR royalties on the Wedge copper zinc project, Ramsay, Reserve Creek, and Opikeigen gold projects.


TSXV:SXL - Post by User

Bullboard Posts
Comment by repap_nbon Mar 28, 2012 11:05pm
151 Views
Post# 19731516

RE: a two or three cent stock within 30-60 days

RE: a two or three cent stock within 30-60 days

 

You twist this so intensely stugots it almost looks like you are lying...

Shares are 7 cents, warrants 10 then 20.  Shares are already in the market, warrants under water, tax benefit in the pockets of those that bought.   Net cost of the shares are 4 cents so there is not enough market to sell them profitably.  The opposite of what you say is true. They need to sell them into a rising market in order to make some money.  Do you know anyone looking to buy flow throughs to sell them at a loss.   If you do the authorities may want to have a chat with them.

You should go away for a while....

The Company announced the completion of a non-brokered private placement of 8,820,000 flow-through units (“FT Units”) at a price of
.07 per FT Unit for gross proceeds of $617,400. Each FT Unit comprised of one flow-through common share and one-half of one non-flow-through common share purchase warrant exercisable at a price of
.10 for 12 months and at a price of
.20 for an additional 12 months. 

 

Bullboard Posts