01:38:06 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Decade Resources Ltd (3)
Symbol DEC
Shares Issued 70,751,726
Close 2023-07-13 C$ 0.085
Market Cap C$ 6,013,897
Recent Sedar Documents

Decade closes $273,460 private placement

2023-07-13 16:54 ET - News Release

Mr. Ed Kruchkowski reports

DECADE ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH UNITS

Decade Resources Ltd. has closed a non-brokered private placement of flow-through units to raise aggregate gross proceeds of $273,460.

A total of 2,486,000 flow-through units were issued at the price of 11 cents per unit to raise $273,460. Each flow-through unit consists of one flow-through common share of the company and one transferable non-flow-through common share purchase warrant. Each warrant entitles the holder to purchase, for a period of 24 months, one additional common share of the company, at a price of 13.5 cents per share.

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 Nov. 14, 2023, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.

In consideration for introducing certain subscribers to the private placement, the company paid a cash finder's fee totalling $20,645 and issued 187,680 warrants at 13.5 cents to certain finders. The finders' warrants have an expiry date of July 13, 2025.

The proceeds from the sale of the flow-through shares will be expended on assessment work for the company's properties located in British Columbia.

Decade 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 grassroots to advanced ones. Its properties and projects are all located in the Golden Triangle area of Northern British Columbia.

We seek Safe Harbor.

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