Decade Announces Closing of Tranche 2 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
June 24, 2021
DECADE ANNOUNCES CLOSING OF TRANCHE 2 OF NON-BROKERED PRIVATE
PLACEMENT OF FLOW-THROUGH AND NON-FLOW-THROUGH UNITS
Stewart, BC – Decade Resources Ltd. (“Decade” or the Company) has closed the second
tranche of a non-brokered private placement of flow-through and non-flow-through units
to raise aggregate gross proceeds, from both tranches, of $493,050.
A total of 1,893,572 flow-through units were issued at the price of 7 cents per unit to raise
$132,550 and 7,210,010 non flow-through units were issued at the price of 5 cents per
unit to raise $360,500. Each flow-through unit consists of one flow-through common share
of the company and one transferable non-flow-through 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 ten 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 8 cents 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
October 5th, 2021 (tranche1) and October 23rd, 2021 (tranche 2), 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 $8,610 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 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 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 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.”