17:01:14 EDT Wed 18 Mar 2026
Enter Symbol
or Name
USA
CA



ProAm Explorations Corp (3)
Symbol PMX
Shares Issued 16,134,798
Close 2026-03-13 C$ 0.16
Market Cap C$ 2,581,568
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ProAm Explorations arranges $150,000 private placement

2026-03-18 09:03 ET - News Release

Subject: ProAm Explorations / News Release Word Document

File: '\\swfile\EmailIn\20260318 053038 Attachment PMX_NR230318.docx'

ProAm Explorations Corporation

Osec Petroleum Inc. Osec Petroleum Canada Limited

1875 - 701 West Georgia Street

Vancouver, BC

Canada V7Y 1G5

NEWS RELEASE

Vancouver, British Columbia, March 18, 2026 - ProAm Explorations Corporation ("ProAm" or "the Corporation") (TSX.V:PMX) announces a private placement financing of up to $150,000 (the "Financing") through the issuance of 1,000,000 units at a price of $0.15 per unit ("Unit"). Each Unit will consist of one share and one-half of one transferable share purchase warrant ("Warrant"), with each whole Warrant being exercisable at a price of $0.20 for 2 years 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 350,000 Units for gross proceeds of up to $52,500. 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

(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.

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