The Company is pleased to announce it is arranging to complete a private placement to raise proceeds of up to $250,000. It has been agreed the offering will be comprised of up to 1,388,888 units, at a price of $0.18 per unit. The units will be comprised of one common share and one share purchase warrant, each warrant being exercisable for the purchase of one additional share, at a price of $0.25 per share, for a two year period.
Proceeds of the offering will be expended on the Company’s Bow property located in the Stewart area of British Columbia.
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 primarily in Northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca.
BY ORDER OF THE BOARD OF DIRECTORS OF DECADE RESOURCES LTD
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This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding plans for the completion of a private placement financing a nd other future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in s uch statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include market prices, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.