Slam Closes Private Placement to Raise $2 93,000
TSXV: SXL
SLAM CLOSES PRIVATE PLACEMENT TO RAISE $2 93,000
Not for Distribution to U.S. Newswire Services or for Di ssemination in the United
States
For Immediate Release, January 17, 2022
Miramichi, New Brunswick - SLAM Exploration Ltd. (TSXV: SXL) (the “Company” or “SLAM”) announces
that it has closed a private placement and it has issued 5,327,272 flow-through units (the “FT Units”) at
a price of $0.055 per FT Unit for gross proceeds of $292,999.96 (the “Private Placement”). Each FT Unit
is comprised of one common share in the capital of the Company issued on a “flow -through” basis and
one-half of one common share purchase warrant issued on a non -flow-through basis ( with two half
common share purchase warrant s being a “Warrant”). Each Warrant will entitle the holder thereof to
acquire one non -flow-through common share at a price of $0. 10 for a period of 24 months from the
date of closing. The FT Units are subject to a four -month and one day hold period that expires on May
1, 2022.
The Company has paid $31,200 cash and issued 231,364 non-flow-through units (“NFT Units”) with each
NFT Unit being comprised of one common share and one Warrant that is exercisable to purchase one
additional common share at a price of $0.10 for a period of two years to qualified parties.
Proceeds received from the FT Units will be used to fund exploration on SLAM's gold and base metal
projects in Canada with the main focus on the Menneval gold project in New Brunswick.
For additional information call Mike Taylor at 506-623-8960.
About SLAM Exploration Ltd:
SLAM is a project -generating resource company focused on is its flagship Menneval Gold project where
assays are pending on an additional 14 holes drilled at Menneval. The Company owns a significant
portfolio of gold claims in New Brunswick including Gold Brook, Birch Lake gold, Wilson Brook gold and
Ramsay gold projects in the vicinity of the Williams Brook gold discovery of Puma Exploration Ltd.
SLAM also owns the Jake Lee, Mount Victor and other gold properties on the flanks of the Sawyer Brook
and Wheaton Bay faults in the vicinity of Galway’s Clarence stream gold deposit. SLAM owns the
Miminiska and Keezhik gold projects in Ontario and the Mount Uniacke gold project in Nova Scotia. The
Company owns a portfolio of base metal properties in the Bathurst Mining Camp (“BMC”) that is subject
to an option agreement. SLAM holds NSR royalties on the Superjack, Nash Creek and Coulee zinc -lead-
copper-silver properties in the BMC.
The Company has generated cash from the sale of securities received from mineral property option
agreements with other companies and has sufficient funds for the work currently in progress. Additional
2
information about SLAM and its projects is available at www.slamexploration.com or from SEDAR filings
at www.sedar.com. Follow us on twitter @SLAMGold.
Certain information in this press release may constitute forward-looking information, including statements
that address the Private Placement, the closing of the Private Placement, 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 materiall y 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 ava ilable at www.sedar.com. 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: 00012459E