SLAM Receives Approval to Consolidate Shares 3:1
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States
FOR IMMEDIATE RELEASE OCTOBER 17, 2014
Miramichi, New Brunswick - SLAM Exploration Ltd. (TSX-V: SXL) (the “Company”) announces that further to its news release dated September 29, 2014, it has received TSX Venture Exchange approval to consolidate all of the Company’s issued and outstanding common shares (the “Common Shares”) on the basis of every three (3) old common shares being consolidated into one (1) new common share (the “Share Consolidation”).
At the opening of trading on October 20, 2014, the new common shares will trade on a consolidated basis and the CUSIP and ISIN numbers of the Company will change to 831004304 and CA8310043044 respectively. However the Company’s name and trading symbol will not change.
A full description of the Share Consolidation is contained in the Company’s Management Information Circular dated August 7, 2014, which has been filed under the Company’s profile on SEDAR at www.sedar.com.
Prior to the consolidation, the Company had cancelled all its outstanding stock options.
About SLAM Exploration Ltd.
SLAM owns a portfolio of road accessible mineral properties within driving distance of the corporate head office in Miramichi, New Brunswick. This portfolio includes the Superjack (formerly Nepisiguit) and Nash Creek base metal-silver deposits that both contain resources conforming to NI43-101 standards. The Company discovered an extension of the Superjack-A massive sulphide deposit in 2011, and discovered the Maisie gold deposit on its Menneval project in 2012. The Company also owns a significant gold portfolio in Ontario that includes the Reserve Creek gold deposit. Additional information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings at www.sedar.com.
Certain information in this press release may constitute forward-looking information, including statements that address future production, reserve potential, exploration and development activities and events or developments that the Company expects. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking- statements unless and until required by securities laws applicable to the Company. There are a number of risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board Mike Taylor, P. Geo.
President & CEO SLAM Exploration Ltd.
Direct: 506-627-1353 Toll Free: 866.523.6719 SEDAR: 00012459E Info: [email protected]