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The latest update is out from ProAm Explorations ( (TSE:PMX) ).
ProAm Explorations Corporation has announced a private placement financing of up to $200,000 through the issuance of 4,000,000 units at $0.05 per unit. The funds raised will be used for general working capital and potential new acquisitions. CEO Jason Cubitt will participate in the financing, which is considered a related party transaction under regulatory guidelines. The private placement is pending approval from the TSX Venture Exchange.
More about ProAm Explorations
ProAm Explorations Corporation operates in the exploration industry, focusing on the acquisition and development of mineral properties. The company is involved in activities related to petroleum exploration through its subsidiaries, Osec Petroleum Inc. and Osec Petroleum Canada Limited.
Average Trading Volume: 21,380
Technical Sentiment Signal: Buy
Current Market Cap: C$461.9K
See more insights into PMX stock on TipRanks’ Stock Analysis page.