SLAM Exploration Closes Second Tranche of Private Placement
SLAM Exploration Ltd. (TSXV:SXL) has raised $211,000 from the second and final tranche of its private placement.
The company issued 527,500 units at $0.40 per unit, raising aggregate proceeds of $900,000 through 2,302,750 units.
- Each unit consists of 4 flow-through common shares and 1 non-flow-through common share.
- 2.5 transferable non-flow-through common share purchase warrants are also included.
- Each whole warrant allows the holder to acquire an additional common share at $0.50.
No additional quotes are available in the text.
Author's summary: SLAM raised $211,000 in the second tranche.