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
June 6, 2014 TSX-V: DEC
Decade Resources Ltd. Announces Closing of Non-Brokered Private Placement
Further to the Company’s earlier news release dated May 27, 2014, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed a private placement of 1,000,000 flowthrough units, at a price of $0.10 per flow-through unit, to raise proceeds of $100,000. Each unit consists of one flow-through common share and one transferable share purchase warrant, each warrant entitling the holder to purchase one additional common share, at $0.15 per share, until June 5, 2016.
No finder’s fee or commission were paid in connection with the private placement.
All of the shares and warrants, and any shares issued upon exercise of the warrants comprising the flowthrough units, are subject to a hold period and may not be traded in Canada until October 6, 2014, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.
The proceeds for the private placement will be expended on mineral exploration on the Company’s 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.
“This news release may contain forward–looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.”
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