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ACCESS Newswire·

SLAM Announces Proposed Extension of Warrant Expiry Dates

  • SLAM Exploration Ltd. intends to extend the expiry dates of 2,311,111 outstanding common share purchase warrants by 12 months, subject to TSX Venture Exchange approval.
  • 1,311,111 warrants issued via a November 28, 2024 private placement will extend from December 18, 2026 to December 18, 2027.
  • 1,000,000 warrants issued via a December 18, 2024 property transaction will extend from January 9, 2027 to January 9, 2028.
  • All other terms & conditions of the warrants will remain unchanged following the proposed extensions.
  • 2,261,111 of the warrants are held by related parties, classifying the extension as a related party transaction under MI 61-101.
  • The Company plans to rely on exemptions from formal valuation & minority shareholder approval requirements because the fair market value involving related parties does not exceed 25% of the Company's market value.
  • No warrants proposed for extension were issued to agents, brokers, or finders as compensation for services.
Company
SLAM Exploration Ltd.
Keywords
Metals & Mining, Company Update