Vancouver B.C., October 8, 2013 – Decade Resources Ltd. (the “Company”) announces that the Board of Directors of the Company have approved a consolidation of its common shares on the basis of one (1) new post-consolidation common share for every five (5) pre-consolidation common shares. The Company proposes this consolidation in order to facilitate future financings and acquisitions, and a name change is not intended as part of the consolidation.
There are presently 96,109,761 common shares issued and outstanding in the capital of the Company and, following the proposed share consolidation, there will be approximately 19,221,952 common shares issued and outstanding. The Board of Directors may, at their discretion, determine when such a consolidation will occur. The consolidation is also subject to acceptance for filing by the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD. “Ed Kruchkowski”
Ed Kruchkowski, President
“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.”