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Stewart, BC – Decade Resources Ltd. (the “Company”) has provided an additional update to the terms of the financing it announced on October 11, 2022. The Company is now using its best efforts to raise an aggregate of up to $950,000.
The flow-through offering will be comprised of up to 2,916,667 flow-through units, at a price of $0.12 per flow-through unit, for gross proceeds of up to $350,000. Each flow-through unit will be comprised of one flow-through common share and one transferable non-flow-through common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.16 per share, for a period of 42 months.
The offering of non-flow-through units will now be comprised of up to 6,000,000 units, at a price of $0.10 per unit, for gross proceeds of up to $600,000. Each unit will be comprised of one common share and one transferable common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.16 per share, for a period of 24 months.
The proceeds from the sale of the flow-through units will be expended on the Company’s properties located in British Columbia and the proceeds from the sale of non-flow-through units will be used for working capital purposes.
For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.
BY ORDER OF THE BOARD OF DIRECTORS OF
DECADE RESOURCES LTD
“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.” “This news release may contain forward–looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.”