Slam Exploration Ltd. announced a non-brokered private placement of 5,327,272 flow through units at CAD 0.055 per unit for gross proceeds of CAD 292,999.96 on January 17, 2022. Each flow through unit consists of one flow-through common share and one half of one common share purchase warrant issued on a non-flow-through basis. Each warrant will entitle the holder thereof to acquire one non-flow-through common share at a price of CAD 0.10 for a period of 24 months from the date of closing. The flow through units are subject to a four-month and one day hold period that expires on May 1, 2022. The company has paid CAD 31,200 cash and issued 231,364 non-flow-through units with each non flow through unit being comprised of one common share and one warrant that is exercisable to purchase one additional common share at a price of CAD 0.10 for a period of two years to qualified parties.

The TSX Venture Exchange has accepted for filing documentation with respect to offering. The transaction included participation from 16 placees. The company paid finder's fee to EMD Financial Inc.