Mike Taylor's Slam Exploration Ltd. (SXL) slipped one-half cent to 4.5 cents on 1,000 shares. The company is hoping to raise $600,000 by selling 12 million units at five cents. It plans to use the money at its Superjack polymetallic property in New Brunswick, where Slam has been unable to drill for the past two years because of difficulty raising money. It rolled back its shares 1:3 last fall, which was president Taylor's second rollback -- the first was 1:10 in August, 2012 -- since listing the company in February, 2000. The stock hit an all-time high of $1.05 two months after listing, but has spent most of its time under 20 cents. Over the past 15 years, Mr. Taylor has raised $26-million for exploration in his home province of New Brunswick, where he has also spotted every type of visible mineralization imaginable. There have been sightings of visible gold, visible copper, visible zinc, visible molybdenum, visible base metals, visible felsic porphyry and even "visible results." Visible mineralization sightings, however, rarely interest investors, especially when they have been mentioned 100 times over the past five years.

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