The Company is pleased to announce it is arranging to complete a private placement to raise proceeds of up to $2,500,000. The offering will be comprised of up to 15,384,615 flow-through units, at a price of $0.13 per flow-through unit, and up to 5,555,556 non-flow-through units, at a price of $0.09 per non-flow-through unit. The flow-through units will be comprised of one flow-through common share and one-half of one non-flow-through share purchase warrant, each whole warrant being exercisable for the purchase of one additional share, at a price of $0.15 per share, for a two year period. The non-flow-through 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 $0.10 per share, for a two year period.
The proceeds from the sale of the flow-through units will be expended on the Company’s properties in British Columbia, and the proceeds from the sale of the non-flow-through units will be used for working capital.
The Company will pay finders’ fees in connection with the private placement in accordance with TSX Venture Exchange policies.
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 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 and 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 such 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.