MIRAMICHI, NB / ACCESS Newswire / October 10, 2025 / SLAM Exploration Ltd. (TSXV:SXL) ("SLAM" or the "Company")is pleased to announce that is has raised gross proceeds of $211,000 from closing the second and final tranche of the previously announced non-brokered private placement (the "Offering") through the issuance of 527,500 units ("Units") issued at a price of $0.40 per Unit. ...

Core Points - SLAM Exploration Ltd. has successfully raised gross proceeds of $689,000 from the first tranche of a non-brokered private placement [1] - The company issued a total of 1,722,500 units at a price of $0.40 per unit [1] Financial Summary - Gross proceeds from the offering amount to $689,000 [1] - The price per unit in the offering was set at $0.40 [1] - A total of 1,722,500 units were issued in this tranche [1]

Core Viewpoint - Xanadu Mines Ltd is undergoing a compulsory acquisition by Bastion Mining Pte. Ltd, leading to a voluntary delisting from the Toronto Stock Exchange (TSX) [1][3]. Group 1: Compulsory Acquisition - Bastion Mining Pte. Ltd has issued a Compulsory Acquisition Notice to acquire the remaining shares of Xanadu Mines as of July 25, 2025 [1]. - The likelihood of non-completion of the Compulsory Acquisition is considered remote, with all material conditions satisfied [3]. Group 2: Voluntary Delisting - As a result of the pending Compulsory Acquisition, Xanadu has applied for voluntary delisting from the TSX, which will take effect at the close of trading on August 1, 2025 [3]. - There is no requirement for Xanadu to obtain securityholder approval for this voluntary delisting [3]. Group 3: Company Overview - Xanadu Mines is an exploration company listed on ASX and TSX, focusing on large-scale copper-gold discoveries and low-cost inventory growth [4]. - The company has a portfolio of exploration projects and jointly controls a significant copper-gold deposit in the Kharmagtai project with Zijin Mining Group [4].