SLAM Exploration Ltd. Proposes Extension of Warrant Expiry Dates

SLAM Exploration Ltd. has announced its intent to extend the expiry dates of certain share purchase warrants by 12 months, pending approval from the TSX Venture Exchange. Specifically, 1,311,111 warrants, initially set to expire on December 18, 2026, will be extended to December 18, 2027. Additionally, 1,000,000 warrants, initially set for expiry on January 9, 2027, are proposed to be extended to January 9, 2028.

The proposed changes involve 2,261,111 warrants held by related parties, classifying the action as a "related party transaction." SLAM plans to seek exemptions from formal valuation and minority shareholder approval under MI 61-101, as the transaction does not exceed 25% of the company's market value. All other terms of the warrants remain unchanged.