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Enter Symbol
or Name
USA
CA



Decade Resources Ltd (2)
Symbol DEC
Shares Issued 54,991,529
Close 2014-12-17 C$ 0.075
Market Cap C$ 4,124,365
Recent Sedar Documents

ORIGINAL: Decade closes $360,000 first tranche of placement

2014-12-18 10:20 ET - News Release

Received by email:

File: 4064 News Release-PP-First TrancheClosing (Draft Dec 16, 2014).doc

Not for distribution to U.S. news wire services or dissemination in the United States.
DECADE RESOURCES LTD. (the "Company") 611 - 8th Street Stewart, British Columbia, V0T 1W0
Telephone: (250) 636-2264
 Fax:  (250) 636-2265
 
 NEWS  RELEASE
December 18, 2014
 TSX-V:  DEC
 
 DECADE CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING
Decade Resources Ltd. (the "Company") is pleased to announce that it has closed a first tranche of its previously anno
--->unced non-brokered private placement. A total of 4,000,000 non-flow-through units were issued at the price of $0.09 pe
--->r unit to raise $360,000.  Each Unit consists of one common share of the Company and one transferable common share pur
--->chase warrant.  Each Warrant entitles the holder to purchase, for a period of 24 months, one additional common share o
--->f the Company, at a price of $0.115 per share.  The warrant exercise price, as disclosed in the November 20, 2014 news
---> release at $0.10, was changed to $0.115.
A finder's fee of $28,800 was paid in cash and 320,000 finder's units issued in respect to the first tranche of the fi
--->nancing.  Each finder's unit consists of one common share of the Company and one non-transferable common share purchas
--->e warrant. Each warrant entitles the holder to purchase, for a period of 24 months, one common share of the Company at
---> a price of $0.115.
All of the shares and warrants, and any shares issued upon exercise of the warrants comprising the units, are subject 
--->to a hold period and may not be traded in Canada until April 17, 2015, except as permitted by applicable Canadian secu
--->rities laws and the TSX Venture Exchange.
The proceeds for the private placement will be used for working capital purposes.
FLOW-THROUGH PRIVATE PLACEMENT TERMS AMENDED
Further to the Company's news release of November 20, 2014 announcing a private placement of flow-through and non-flow
--->-through units, the price of the flow-through units has been changed from $0.13 to $0.10 per flow-through unit.  All o
--->ther terms of the flow-through units remain the same.
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.




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