Decade Announces Closing of Non-Brokered Private Placement of Units
BWL\426501\PP 2018-09-NFT\4343
Not for distribution to U.S. news wire services or dissemination in the United States.
DECADE RESOURCES LTD.
611 - 8th Street
Stewart, British Columbia, V0T 1W0
Telephone: (250) 636-2264 Fax: (250) 636-2265
NEWS RELEASE
October 4, 2018 TSX-V: DEC
Decade Announces Closing of Non-Brokered Private Placement of Units
Stewart, BC – Decade Resources Ltd. (the "Company") is pleased to announce that it has closed its
previously announced non-brokered private placement. A total of 10,000,000 units were issued at the
price of $0.05 per un it to raise $500,000. Each unit consists of one common share of the Company and
one transferable common share purchase warrant. Each w arrant entitles the holder to purchase, for a
period of 36 months, one additional common share of the Company, at a price of $0.055 per share.
All of the shares and warrants, and any shares issued upon exercise of the warrants comprising the
units, are subject to a hold period and may not be traded in Canada until February 4, 2019, except as
permitted by applicable Canadian securities laws and the TSX Venture Exchange.
The proceeds of the private placement will be expended on the Company's Red Cliff property and for
working capital purposes.
Early Warning Disclosure
Maxwell A. Munday, of 5423 Moreland Drive, Burnaby, British Columbia, V5G 1Z7, acquired control
of 10,000,000 units in the private placement. After giving effect to the private placement,
Mr. Munday controls a total of 13.49% of the Company's issued and outstanding common shares on
a n on-diluted basis or 28.93% on a partially -diluted basis assuming exercise of his warrants only.
Mr. Munday has advised that he acquired the units for investment purposes and intends to
evaluate his investment in the Company and to increase or decrease his shareholdings from time to
time as he may determine appropriate.
The Company announces that drilling is continuing on the Red Cliff property. Assay results for early
drill holes will be announced once they are received and tabulated.
Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking opport u-
nities in the resource sector. Decade holds numerous properties at various stages of d evelopment
and exploration from basic grass roots to advanced ones. Its properties and projects a re all located
in the “Golden Triangle” area of northern Bri tish 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.
BY ORDER OF THE BOARD OF DIRECTORS OF
DECADE RESOURCES LTD
- 2 -
BWL\426501\PP 2018-09-NFT\4343
"Randolph Kasum"
Randolph Kasum,
Director
Neither the TSX Venture Exchange nor its Regulation Servic es 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 co ntain forward –looking information . Forward -looking information addresses future e vents and conditions and
therefore involves inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.