Subject: ProAm Explorations / News Release
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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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