Slam Exploration (TSE:SXL) has released an update.
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SLAM Exploration Ltd. successfully raised $240,000 through a non-brokered flow-through private placement, issuing 6,857,142 units at $0.035 each. The proceeds will fund exploration of their copper and nickel projects in New Brunswick, with benefits including a 30% tax credit. An insider’s participation in the transaction qualifies as a related-party deal under specific financial regulations.
For further insights into TSE:SXL stock, check out TipRanks’ Stock Analysis page.