Decade Resources Ltd. Announces Closing of Non-Brokered Private Placement
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
July 10, 2012 Trading Symbol: TSXV-DEC
Decade Resources Ltd. Announces Closing of Non-Brokered Private Placement
Further to the Company’s earlier news release dated June 1, 2012, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed a private placement of 24,000,000 flow-through units, at a price of $0.05 per flow-through unit, to raise proceeds of $1,200,000.
All of the shares, warrants and any shares issued upon exercise of the warrants comprising the flow-through units are subject to a hold period and may not be traded in Canada until July 10, 2014, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS,
"Randolph Kasum"
Randolph Kasum, Chief Financial Officer/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.
KLE\426501\PP-FTU-APR2012\3877A