Flow-Through Non-Brokered Private Placement to Raise up to $300,000
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
November 9, 2016 TSX-V: DEC
Flow-Through Non-Brokered Private Placement to Raise up to $300,000
The Company is pleased to announce it is using its best efforts to complete a flow-through private placement to raise aggregate gross proceeds of up to $300,000. The offering will be comprised of up to 5,000,000 flow-through units, at a price of $0.06 per flow-through unit. Each flow-through unit will be comprised of 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 $0.08 per share, for a two year period.
The proceeds from the sale of the flow-through units will be expended on the Company’s mineral properties.
Non-Flow-Through Non-Brokered Private Placement to Raise up to $100,000
The Company is pleased to announce it is also arranging a private placement of non-flow-through units to raise proceeds of up to an additional $100,000. The offering will be comprised of up to 2,000,000 units, at a price of $0.05 per unit. Each unit will be comprised of one common share and one transferable common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.08 per share, for a two year period.
The proceeds from the sale of the units will be used for working capital.
Certain directors and officers of the Company may participate in the private placement. Any such participation would be considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any units issued to or the consideration paid by such persons will not exceed 25% of the Company’s market capitalization.
Finders’ fees may be payable.
Decade Resources Ltd. 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 grass roots to advanced ones. Its properties and projects are all located in the “Golden Triangle” area of Northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca which is presently being up dated. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.
- 2 -
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.”