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Slam Exploration ( (TSE:SXL) ) just unveiled an update.
SLAM Exploration Ltd. announced a shares-for-debt settlement plan involving the issuance of 6,000,000 common shares at $0.05 per share to settle $300,000 in debt with an insider, subject to TSX Venture Exchange approval. This transaction, deemed to be in the company’s best interest, is expected to free up cash for exploration and operational needs. Additionally, SLAM has secured TSX Venture Exchange approval for the acquisition of a 100% interest in a mineral claim in northwestern New Brunswick from Gravel Developments Inc., furthering its strategic expansion in mineral exploration.
More about Slam Exploration
SLAM Exploration Ltd. operates in the mineral exploration industry, focusing on acquiring and developing mineral properties. The company is engaged in activities related to exploration for minerals and enhancing its market position through strategic transactions.
YTD Price Performance: 0.0%
Average Trading Volume: 293,748
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$2.99M
Learn more about SXL stock on TipRanks’ Stock Analysis page.
