Decade Closes Private Placement
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DECADE RESOURCES LTD.
611 - 8th Street Stewart, British Columbia, V0T 1W0
Telephone: (250) 636-2264 Fax: (250) 636-2265
NEWS RELEASE
June 29, 2016 TSX-V: DEC
DECADE CLOSES PRIVATE PLACEMENT
Decade Resources Ltd. (the “Company”) is pleased to announce it has received TSX Venture Exchange approval for and closed its previously announced non-brokered private placement of 8,571,428 flow-through units, at a price of $0.07 per flow-through unit, to raise proceeds of $600,000. Each flow-through unit consists of one flow-through common share and one warrant to purchase an additional common share, at $0.10 per share, until June 28, 2018. No finder’s fees or commissions were paid in connection with the private placement.
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 until October 29, 2016, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.
The proceeds from the private placement will be expended on the Company’s Red Cliff property and other properties located in British Columbia.
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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