Vancouver, British Columbia, September 2, 2025 – ProAm Explorations Corporation (“ProAm”
or “the Corporation”) (TSX.V:PMX) announces a private placement financing of up to $200,000
(the “Financing”) through the issuance of 4,000,000 units at a price of $0.05 per unit (“Unit”).
Each Unit will consist of one share and one transferable share purchase warrant (“Warrant”), with each Warrant being exercisable at a price of $0.06 for 12 months from the date of issuance.
The funds will be used for general working capital purposes and potential new acquisition/option opportunities.
Jason Cubitt, CEO and a Director of the Corporation, will be subscribing for up to 500,000 Units
for gross proceeds of up to $25,000. The issuance of Units to Mr. Cubitt pursuant to the Private
Placement will be considered a related party transaction within the meaning of Multilateral
Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-
101”). The Company relies on exemptions from the formal valuation and minority shareholder
approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that
participation in the Private Placement by insiders will not exceed 25% of the fair market value of
the Company’s market capitalization. The Company will file a material change report in respect
of the related party transactions in connection with the Private Placement.
The Private Placement is subject to the approval of the TSX Venture Exchange.
On behalf of the Board of Directors of
ProAm Explorations Corporation
Jason Cubitt
Chief Executive Officer
Tel: 604-209-1658
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.