On December 31, 2021, ProAm Explorations Corporation closed the transaction. The company issued 5,140,000 units for gross proceeds of CAD 308,400. The securities are subject to a hold period expiring on May 1, 2022.

The company paid CAD 10,272 and issued 171,200 finder's warrants. The finder's warrants are issued on the same terms as the warrants. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.

The transaction included participation from four placees and one insider Glencoe-MacDonald Holdings Inc. for 3,000,000 units. The company paid CAD 10,272 and 171,200 non-transferable warrants, each exercisable for one share at a price of CAD 0.12 or two years to Research Capital Corp.