Slam Announces $468,000 Private Placement
TSXV: SXL
SLAM ANNOUNCES $468,000 PRIVATE PLACEMENT
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States
For Immediate Release November 28, 2024
Miramichi, New Brunswick ‐ SLAM Exploration Ltd. (TSXV: SXL) (“SLAM” or the “ Company”)
announces a non-brokered private placement offering (the “Offering”) to raise up to $468,000 through the
issuance of the following securities:
a. Up to 2,400,000 non-flow-through units (the “ NFT Units”) issued at a price of $0.045 per NFT
Unit, for proceeds of up to $108,000. Each NFT Unit will consist of one (1) common share (each
a “NFT Share”) of the Company and one (1) transferable non-flow-through share purchase warrant
(each a “NFT Warrant”).
b. Up to 8,000,000 CMETC and CEE Flow-Through Units (the “FT Units”) issued at a price of
$0.045 per FT Unit, for gross proceeds of up to $360,000. Each FT Unit will consist of one (1) FT
Share and one half (1/2) of one (1) transferable common share purchase warrant issued on a “non-
flow-through” basis (two half common share purchase warrants are one whole NFT Warrant).
c. Each whole NFT Warrant will be exercisable to acquire one additional non-flow-through common
share of the Company at a price of $0.05 for a period of 24 months following the date of issuance.
d. The gross proceeds received from the issuance of the NFT Units will be used for corporate
purposes.
e. The gross proceeds received from the issuance of the FT Units will be used for exploration activities
on SLAM’s Goodwin copper-nickel critical element project in New Brunswick.
The Offering is expected to close on or about December 10 , 2024, and is subject to the receipt of all
necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture
Exchange. All securities issued pursuant to the Offering will be subject to a hold period of four months and
one day from the closing date in accordance with applicable securities laws.
The Company may pay finder fees on the Offering and it is anticipated that certain insiders will participate
in the Offering .
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities
in the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act
and applicable state securities laws or an exemption from such registration is available.
About SLAM Exploration Ltd: SLAM Exploration Ltd. is a public resource company with a substantial
portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. The Company recently
completed three diamond drill holes on the Goodwin copper-nickel project in the BMC of New Brunswick.
Highlights include a 64.90-meter core interval grading 2.14% copper equivalent in hole GW24- 02. The
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Company has reported an additional 12 holes drilled in a follow -up program currently in progress at
Goodwin. Assays are pending on holes GW24-04 to GW24-15.
SLAM has discovered multiple gold veins on its wholly owned Menneval gold project. The Company has
reported gold-bearing core intervals, including 162.5 g/t gold over 0.2 meters and 56.90 g/t gold over 0.5
meters (news releases dated December 13, 2021, and November 22, 2022). Additionally, the Company
reported quartz float grading up to 39.2 g/t gold on its Jake Lee project, located near the Clarence Stream
gold deposit, where Galway Metals Inc. is working on a 2.3- million-ounce gold deposit in southern New
Brunswick.
SLAM also owns the Mine Road copper-zinc-silver project, adjacent to the former producing Heath Steele
Mines property in the BMC. Previous workers have reported successful diamond drill holes at Mine Road,
including IL2014-003, which intersected a 9-meter core interval grading 14.51% zinc, 5.86% lead, 0.67%
copper, and 139.9 g/t silver in the volcanogenic massive sulphide Railroad Zone (Doe Run Canadian
Exploration ULC; 2015, New Brunswick Assessment Files, Report of Work 477877). The Railroad Zone
is located 7,000 meters east of the 20-million-tonne former producing Heath Steele B Zone.
Slam is a project generator and has received significant cash and share payments over the past year. The
Company holds NSR royalties and expects additional cash and share payments from the Wedge copper -
zinc project and the Ramsay, Reserve Creek, and Opikeigen gold projects.
To view SLAM’s corporate presentation, click SXL -Presentation. Additional information is available on
SLAM’s website and on SEDAR+ at www.sedarplus.ca. Follow us on X @SLAMGold.
Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., is a qualified
person as defined by National Instrument 43-101, and has approved the contents of this news release.
Certain information in this press release may constitute forward-looking information, including statements
regarding mineral resources and the Company’s plans with respect to the exploration and development of
its properties. 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.sedarplus.ca.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION:
Mike Taylor, President & CEO
Contact: 506-623-8960 [email protected]
Eugene Beukman, CFO
Contact: 604-687-2038 [email protected] SEDAR+: 00012459