The Company is pleased to announce it is arranging a private placement to raise proceeds of up to $250,000. It has been agreed the offering will be comprised of up to 5,000,000 flow-through units, at a price of $0.05 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, at a price of $0.05 per share, for a two year period.
The proceeds from the sale of the flow-through units will be expended on the Company’s Bow and Red Cliff properties, located in British Columbia.
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 actively seeking opportunities in the resource sector. Decade holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are in Northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca which is presently being up dated. For investor information please e-mail [email protected] or contact Renee Bernard at 250-878-8593 or Brian Morrison at 604-662-8184.
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.”
“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.”