Flow-Through Non-Brokered Private Placement to Raise up to $205,000
The Company is pleased to announce it has agreed to complete a private placement to raise proceeds of up to $205,000. It has been agreed the offering will be comprised of up to 3,727,273 flow-through units, at a price of $0.055 per flow-through unit. The units will be comprised of one flow-through common share and one-half of one non-flow-through warrant, each whole warrant being exercisable for the purchase of one additional share, at a price of $0.10 per share, for a two year period or, if the trading price of the Company’s shares on the TSX Venture Exchange for 20 consecutive trading days exceeds $0.30 per share during the exercise period, the expiry time of the warrants shall be accelerated such that the expiry time will be 30 calendar days from the date of express written notice is sent by the Company to the holder by way of registered mail, provided the Company may not provide such notice until four months and a day after the date of issuance of the units.
Proceeds of the offering will be expended on mineral exploration on the Company’s properties located in British Columbia.
Non-Flow-Through Non-Brokered Private Placement to up to Raise $1,400,000
The Company is pleased to announce it has agreed to use its best efforts to complete a private placement to raise proceeds of up to $1,400,000. The offering will be comprised of up to 28,000,000 non-flow- through shares at a price of $0.05 per share.
Proceeds will be applied to the Company’s properties located in British Columbia and working capital.
There are no finder fees.
Certain directors and officers of the Company may acquire securities under the private placement. Any such participation would be considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued to or the consideration paid by such persons will exceed 25% of the Company’s market capitalization.
Decade Resources Ltd. is a Canadian-based mineral exploration company whose activities are in the Stewart area of British Columbia.
BY ORDER OF THE BOARD OF DIRECTORS OF
DECADE RESOURCES LTD
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. 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.