Decade Announces Closing of Non-Brokered Private Placement of Flow-Through and Non-Flow-Through Units
Decade Resources Ltd.
426 King Street
Stewart, BC
V0T 1W0
TSX.V Trading Symbol: DEC
NEWS RELEASE
November 4, 2022
DECADE ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OF
FLOW-THROUGH AND NON-FLOW-THROUGH UNITS
Stewart, BC – Decade Resources Ltd. (“Decade” or the Company) has closed a non-
brokered private placement of flow-through and non-flow-through units to raise aggregate
gross proceeds of $922,000.
A total of 2,683,334 flow-through units were i ssued at the price of 12 cents per unit to
raise $322,000 and 6,000,000 non-flow-through units were issued at the price of 10 cents
per unit to raise $600,000. Each flow-throug h unit consists of one flow-through common
share of the company and one transferabl e non-flow-through common share purchase
warrant. Each warrant entitles the holder to purchase, for a period of 42 months, one
additional common share of the company, at a price of 16 cents per share. Each non flow-
through unit consists of one common share of the company and one transferable common
share purchase warrant. Each warrant entitles the holder to purchase, for a period of 24
months, one additional common share of the company, at a price of 16 cents per share.
All of the shares and warrants, and any s hares issued upon exercise of the warrants
comprising the units, are subject to a hold period and may not be traded in Canada until
March 3, 2023, except as permitted by applicable Canadian securities laws and the TSX
Venture Exchange.
In consideration for introducing certain subscribers to the private placement, the company
paid a cash finder’s fee totaling $26,000 and issued 166,667 warrants at $0.16 to certain
finders.
The proceeds from the sale of the flow-through units will be expended on the company's
properties located in British Columbia and the proceeds from the sale of non-flow-through
units will be used for working capital purposes.
Decade Resources Ltd. is a Canadian based mineral exploration company actively
seeking opportunities in t he resource sector. Decade hol ds 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 updated. For
investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.
ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.
“Ed Kruchkowski”
Ed Kruchkowski, President
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of t he TSX Venture Exchange) acc epts 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.”