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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 cartach13on Feb 28, 2011 9:25am
408 Views
Post# 18204043

JD/Mineralfields - End of 0.15 warrants being exec

JD/Mineralfields - End of 0.15 warrants being execIncluding and prior to Oct 4/10 non brokered private placements were completed for 0.11 shares with warrants @ 0.15 for first year. On Nov.26/10 and Dec.24/10 NBPP's were completed for 0.21 shares with warrants @ 0.25 for first year. If  all the warrants for 0.15 have been exercised and shares sold in the public market ,mostly by JDM/Mineralfields who seem to have done most of the selling in the past few months, then wouldn't it be safe to conclude that the next round of excercising warrants [and any consequent selloffs such as in the past] would be at the 0.25 level ? This would establish a new and higher base if good news continues to come from SLAM [and of that there's not much doubt] and the 0.14- 0.15 SP range would be a thing of the past. Does this sound reasonable and if so is there any way of determining how many cheap shares,if any, are left for JDM to dump.
Bullboard Posts