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An announcement from ProAm Explorations ( (TSE:PMX) ) is now available.
ProAm Explorations Corporation announced a private placement financing of up to $210,000 through the issuance of 6,000,000 units, each consisting of one share and one transferable share purchase warrant. The funds raised will be used for general working capital and potential new acquisitions or options, with CEO Jason Cubitt participating in the financing. This transaction is considered a related party transaction under MI 61-101, but the company is exempt from certain requirements due to the limited insider participation.
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 identifying and capitalizing on potential opportunities within the mineral exploration sector.
YTD Price Performance: 16.67%
Average Trading Volume: 14,000
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$311K
For an in-depth examination of PMX stock, go to TipRanks’ Stock Analysis page.