sur The Market Herald (CVE:SXL)
SLAM Exploration Secures $350,000 through Private Placement and Announces Leadership Changes
SLAM Exploration Ltd. (TSXV:SXL) has successfully closed a non-brokered flow-through private placement, raising $350,000. The funds, derived from issuing 10,000,000 Flow Through Units at $0.035 each, will advance exploration projects in New Brunswick.
The company's recent leadership reshuffle includes the resignation of director Johannes van der Linde, succeeded by Jacques Turcotte. With a rich background in real estate and mining, Turcotte marks his first role in a publicly traded company. Furthermore, Jimmy Gravel takes on the position of Vice-President and Chair of the Audit Committee, reinforcing SLAM's leadership team.
The offering is earmarked for Canadian Exploration Expenses to further initiatives within the province. Insider participation accounted for 3,792,858 FT Units under relevant securities regulations.
R. E.
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