ProAm Explorations arranges $200,000 private placement

Executive Summary

• ProAm Explorations Corp. announced a private placement financing up to $200,000 by issuing 4 million units at $0.05 per unit.
• Each unit consists of one common share and one transferable warrant exercisable at $0.06 for 12 months.
• CEO Jason Cubitt will subscribe for up to 500,000 units ($25,000), constituting a related‑party transaction that will be reported under MI 61‑101.

Key Details

• Financing Size: Up to $200,000 gross proceeds.
• Units Offered: 4,000,000 units at $0.05 each.
• Unit Composition: 1 common share + 1 transferable warrant per unit.
• Warrant Terms: Exercise price $0.06, exercisable for 12 months from issuance date.
• CEO Subscription: Jason Cubitt to purchase up to 500,000 units for $25,000 gross proceeds.
• Related‑Party Transaction: Subscription by CEO/director qualifies as a related‑party transaction under MI 61‑101; company will file a material change report.
• Use of Proceeds: General working capital and potential new acquisition/option opportunities.
• Regulatory Approval: Private placement subject to approval by the TSX Venture Exchange.

Notable Quotes

(No direct quotes provided in the release.)