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Financings

ProAm closes $120,000 final tranche of placement

By The Northwire Desk — AI Analysis Oct 15, 2025 · 18:38 PMX · 0.06 ProAm Explorations Corporation
PMX · Price

Executive Summary

  • ProAm Explorations Corp. completed the second and final tranche of its private placement, raising $120,000.
  • Issued 2.4 million units at $0.05 per unit; each unit includes one common share and one transferable warrant exercisable at $0.06 for one year.
  • Proceeds are earmarked for general working capital and potential acquisition or option opportunities, with a regulatory hold period expiring on February 16 2026.

Key Details

  • Gross proceeds: $120,000.
  • Units issued: 2.4 million units at $0.05 per unit.
  • Unit composition: 1 common share + 1 transferable share purchase warrant.
  • Warrant terms: Exercise price $0.06; exercisable for one year from issuance date.
  • Regulatory hold period: Securities subject to hold until February 16 2026.
  • Use of proceeds: General working capital and potential new acquisition/option opportunities.

Notable Quotes

(No quotes provided in the release.)

Read the original news release →

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