Flow-Through Non-Brokered Private Placement to Raise up to $150,000
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DECADE RESOURCES LTD.
(the “Company”)
611 - 8th Street Stewart, British Columbia, V0T 1W0 Telephone: (250) 636-2264 Fax: (250) 636-2265
NEWS RELEASE
November 15, 2011 Trading Symbol: TSXV-DEC
Flow-Through Non-Brokered Private Placement to Raise up to $150,000
The Company is pleased to announce it is using its best efforts to complete a flow-through private placement to raise proceeds of up to $150,000. The offering will be comprised of up to 3,000,000 flowthrough units, at a price of $0.05 per unit. The units will be comprised of one flow-through common share and one transferable, non-flow-through warrant, each warrant being exercisable for the purchase of one additional share, at a price of $0.10 per share, for a two year period. No finders’ fees are payable.
Proceeds of the offerings will be expended on further exploration on the Company's Red Cliff property, located in the area of Stewart, British Columbia.
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.
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. Its properties and projects are primarily in Northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
"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.
“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.”