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SLAM Exploration raised $900,000 in a private placement to fund exploration and corporate activities, with proceeds supporting critical mineral projects in New Brunswick.
SLAM Exploration Ltd. (TSXV:SXL) completed the final tranche of its non-brokered private placement, raising $211,000 and bringing total proceeds to $900,000.
The company issued 527,500 units at $0.40 each, with each unit including four flow-through shares, one non-flow-through share, and 2.5 warrants exercisable at $0.12.
Funds from flow-through shares will support exploration on New Brunswick properties, qualifying for a 30% critical mineral tax credit if renounced by December 31, 2025.
Proceeds from other shares and warrant exercises will support general corporate needs.
The offering is subject to TSXV approval, and all securities are subject to a four-month hold.
An insider purchased 112,500 units under exemptions.
The company continues diamond drilling at its Goodwin project in the Bathurst Mining Camp following high-grade intercepts and promising geophysical results.
SLAM Exploration recaudó $ 900,000 en una colocación privada para financiar la exploración y las actividades corporativas, con las ganancias para apoyar proyectos minerales críticos en New Brunswick.