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ProAm Explorations ( (TSE:PMX) ) has provided an announcement.
ProAm Explorations Corporation announced a debt settlement agreement involving the issuance of 1,030,000 common shares to 0744350 BC Ltd., a company wholly-owned by CEO Jason Cubitt, to settle $51,500 of debt. This transaction is considered a related party transaction under MI 61-101 but is exempt from formal valuation and minority shareholder approval requirements. The debt settlement is pending approval from the TSX Venture Exchange.
More about ProAm Explorations
ProAm Explorations Corporation operates in the exploration industry, focusing on the development and exploration of mineral resources. The company is listed on the TSX Venture Exchange under the symbol PMX.
Average Trading Volume: 16,697
Technical Sentiment Signal: Sell
Current Market Cap: C$419.9K
Find detailed analytics on PMX stock on TipRanks’ Stock Analysis page.