On May 4, 2023, Slam Exploration Ltd. closed the transaction. The transaction now issued 6,055,000 units at a price of CAD 0.05 per Unit for gross proceeds of CAD 302,750. Each Unit is comprised of one common share in the capital of the Company and one common share purchase warrant.

Each Warrant will entitle the holder thereof to acquire one common Share at a price of CAD 0.08 for a period of 24 months from the date of issuance. The Units are subject to a statutory hold period of four months and one day which will expire on September 5, 2023. In connection with the closing, the company issued 298,000 Finder Warrants and paid CAD 14,900.00 in cash as Finders' Fees.

The transaction included participation from 8 placees, and existing insider involvement of single insider for 500,000.