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
October 6, 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 $635,400.
A total of 3,420,000 flow-through units were i ssued at the price of 12 cents per unit to
raise $410,400 and 2,250,000 non flow-through units were issued at the price of 10 cents
per unit to raise $225,000. 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 13 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
February 7, 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 $28,800 and issued 240,000 warrants at $0.16 to certain
finders.
Edward Kruchkowski, CEO of the Company, par ticipated in the priv ate placement for a
total of $50,400.
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.
The Company would also like to report the granting, subject to regulatory acceptance, of
1,500,000 incentive stock options to certain advisers of the Company (the “Options”). The
Options have a term of 5 years and are exercisable at a price of $0.10 per common share.
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.”