SLAM Exploration Ltd. Announces Private Placement

SLAM Exploration Ltd. revealed a non-brokered private placement offering up to 13 million units at $0.09 each, aiming for $1.17 million in gross proceeds. The offering includes up to 12.5 million flow-through CMETC units and 500,000 non-flow-through units. Each unit includes common shares and warrants, allowing future share purchases at $0.13.

Proceeds are intended for Canadian exploration expenses at the Goodwin project, qualifying for a 30% tax credit. Non-flow-through proceeds will support general corporate needs. The offering is subject to TSX Venture Exchange approval and regulatory compliance, including a statutory four-month hold period for securities.

Insider participation is anticipated, classifying the transaction as a related party transaction under MI 61-101 regulations. The company relies on exemptions due to expected low market impact. The securities are not for U.S. sale without registration or applicable exemption.