Decade Resources Ltd. (the “Company”) is pleased to announce it has received TSX Venture Exchange approval for and closed its previously announced non-brokered private placement in respect to 1,668,333 flow-through units, at a price of $0.06 per flow-through unit, to raise proceeds of $100,100. Each flow-through unit consists of one flow-through common share and one warrant to purchase an additional common share, at $0.08 per share, until December 28, 2018. No finder’s fees or commissions were paid in connection with the private placement. All of the shares, warrants and any shares issued upon exercise of the warrants comprising the flow-through units are subject to a hold period until April 29, 2017, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange. The proceeds from the private placement will be expended on the Company’s mineral properties. The Company did not proceed with a non-brokered private placement in respect to 2,000,000 non-flow-through units at $0.05 per unit as previously announced in its news release of November 9, 2016.
BY ORDER OF THE BOARD OF DIRECTORS OF
DECADE RESOURCES LTD
“Randolph Kasum”
Randolph Kasum,
Director
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.