SLAM Exploration Announces Private Placement for Exploration Funding

SLAM Exploration Ltd. has announced a non-brokered private placement offering aiming to raise $280,000 through the sale of up to 8,000,000 flow-through units priced at $0.035 each. Each unit includes one flow-through common share and half of a non-flow-through common share purchase warrant, with two half warrants forming a whole warrant exercisable at $0.05 for two years.

The proceeds will fund SLAM's exploration projects in New Brunswick, with Canadian Exploration Expenses being renounced by year-end. The offering requires approvals, including from the TSX Venture Exchange, and securities will have a hold period of four months plus one day.

Insider participation may constitute a "related party transaction," though exemptions apply as insider involvement is not anticipated to exceed 25% of SLAM's market capitalization. The securities are not registered under U.S. laws, thus cannot be marketed in the United States without exemptions.