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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
Post by Cussyon Aug 16, 2010 9:53am
398 Views
Post# 17352976

Small Financing... Interesting

Small Financing... InterestingInteresting that this was done and announced suddenly...

I have seen this before with other jr explorers... Often, this occures just prior to an event that propels the share price higher... I do not have a crystal ball, but with all of the activity of late, this looks like a quick last stitch to position someone with 2.5 million shares (Actually 5 million) before the next leg up and higher prices... 

What I like about it is that it was done at .11 and .15 ...    We have all had the opportunity to accumulate at this price or lower, so it is hard to complain. Too many times, "friends" are positioned at discount pricing. This is not the case here. Good on you Mike!!!

I would bet that there is something comming, very soon, as they wanted this financing to be a done deal before the event...

THIS IS ALL just my opinion... Only time will tell if I am right...


Cussy, the Windsurfer:)


PS... An extra $600,000.00+ doesn't hurt either!!! :)
Bullboard Posts