ProAm Explorations Corporation (TSXV:PMX) announced a non-brokered private placement of up to 2,857,142 units at a price of CAD 0.07 per unit for the gross proceeds of up to CAD 200,000 on May 14, 2020. Each unit consist of one common share and one common share purchase warrant. Each warrant will allow the holder to acquire an additional common share at a price of CAD 0.15 per share for a period of two years from the date of issuance. In the event that the common shares trade at a closing price greater than CAD 0.30 per share for a period of 10 consecutive trading days, then the company may deliver a notice to the warrant holders that they must exercise their warrants within the next 30 days. The company may pay 8% finder’s fee in cash in the transaction. The transaction is subject to TSX Venture Exchange approval.