Stewart, BC -- Decade Resources Ltd. (the "Company") is pleased to announce it is arranging a private placement to raise proceeds of up to $225,000. The offering will be comprised of up to 3,750,000 flow-through units, at a price of $0.06 per flow-through unit. The flow-through units will be comprised of one flow-through common share and one common share purchase warrant, each warrant being exercisable for the purchase of one additional common share for a two year period, at a price of $0.08 per share.
The proceeds from the sale of the flow-through units will be expended on the Company's properties located in British Columbia.
The Company may pay a finder's fee in connection with the private placement.
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.
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."