Financing ClosedSlam Exploration closes $275,000 private placement
2010-08-16 09:25 ET - News Release
Mr. Mike Taylor reports
SLAM ANNOUNCES $275,000 NON-BROKERED FINANCING
Slam Exploration Ltd. has closed a non-brokered private placement of 2.5 million units at a price of 11 cents per unit, for proceeds of $275,000, subject to regulatory approval. Each unit comprises one common share and one share purchase warrant. Each warrant entitles the holder thereof to acquire one non-flow-through common share at a price of
.15 per share for a period of 24 months. The Units are subject to a four-month hold period from the closing date.