Slam Exploration Ltd V.SXL

Alternate Symbol(s): SLMXF

Metals & Mining Industrial Metals & Minerals

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

Slam Exploration Ltd

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Comment by jsnfernleyon Nov 28, 2012 11:49am

170 Views

Post# 20654923

RE: RE: RE: RE: Not one Board Member Takes Any Fin

Addressed in the PR regarding the effective date of the rollback:

"The Company’s currently outstanding options and warrants to purchase Common Shares will be adjusted on the same basis with proportionate adjustments being made to exercise prices."

The Option plan cannot have more than 10% of options to outstanding stock, so the 2.5m options granted on rollback date became 250k. How else could Slam hae issued another 1m options after the rollback if 20m shares were outstanding?

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