16:26:08 EDT Sun 13 Jul 2025
Enter Symbol
or Name
USA
CA



Decade Resources Ltd (3)
Symbol DEC
Shares Issued 128,132,690
Close 2024-12-05 C$ 0.035
Market Cap C$ 4,484,644
Recent Sedar Documents

Decade Resources closes $945,000 private placement

2024-12-05 19:38 ET - News Release

Mr. Ed Kruchkowski reports

DECADE RESOURCES CLOSES FLOW THROUGH PRIVATE PLACEMENT FOR TOTAL GROSS PROCEEDS OF $945,000

Decade Resources Ltd. has closed its previously announced flow-through private placement.

A total of 18.9 million flow-through units were issued on a private placement basis at a price of fivee cents per unit, for aggregate gross proceeds of $945,000. Each unit comprised one flow-through common share and one transferable non-flow-through common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of eight cents per share, for a 24-month period.

Proceeds from the sale of flow-through units will be utilized for incurring flow through expenses that qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures as defined in the Income Tax Act (Canada). Flow-through proceeds will be spent on the company's British Columbia properties.

All securities that were issued are subject to a statutory hold period of four months from the date of issuance, expiring April 4, 2025, in accordance with applicable securities laws.

In consideration for introducing certain subscribers to the private placement, the company paid cash finders' fees totalling $64,400 and issued 1,288,000 warrants at eight cents to the finders. The warrants are exercisable for a 24-month period.

About Decade Resources Ltd.

Decade Resources 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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