Brief: Slam Vends BMC Properties To Eastern Zinc

Slam Exploration

26/02/2019 20:19

Feb 26 (Reuters) - Slam Exploration Ltd  SXL.V :
    * SLAM VENDS BMC PROPERTIES TO EASTERN ZINC
    * SIGNED ARM'S LENGTH DEFINITIVE AGREEMENT WITH EASTERN ZINC
CORP
    * AGREEMENT GIVES EASTERN ZINC OPTION TO EARN 100% INTEREST
IN 35
MINERAL CLAIMS IN BATHURST MINING CAMP OF NEW BRUNSWICK, CANADA
    * IN RETURN FOR 100% INTEREST IN BMC PROPERTIES, CO WILL
RECEIVE
SERIES OF PAYMENTS FOR TOTAL OF $700,000 IN CASH
    * IN RETURN FOR 100% INTEREST IN BMC PROPERTIES, CO WILL
ALSO
RECEIVE TOTAL OF 5 MILLION COMMON SHARES OF EASTERN ZINC OVER 4
YEAR PERIOD

Source text for Eikon:  ID:nGNX18sGKw 
Further company coverage:  SXL.V 

 ((Reuters.Briefs@thomsonreuters.com;))