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An update from ProAm Explorations ( (TSE:PMX) ) is now available.
ProAm Explorations Corporation has successfully closed the first tranche of its private placement, raising $75,000 through the issuance of 1,500,000 units. Each unit includes a share and a warrant, with the funds aimed at general working capital and potential acquisitions. The CEO, Jason Cubitt, participated in this transaction through his corporation, marking it as a related party transaction under regulatory guidelines. The securities are subject to a hold period until January 2026, and the company plans to file a material change report regarding this transaction.
More about ProAm Explorations
ProAm Explorations Corporation operates in the exploration industry, focusing on petroleum and related resources. The company is involved in the issuance of securities and engages in private placements to raise capital for its operations and potential acquisitions.
Average Trading Volume: 18,858
Technical Sentiment Signal: Buy
Current Market Cap: C$692.1K
For a thorough assessment of PMX stock, go to TipRanks’ Stock Analysis page.