Decade Announces 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
May 21, 2021
DECADE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH
AND NON-FLOW-THROUGH UNITS
Stewart, BC – Decade Resources Ltd (“Decade” or the Company) is using its best efforts to
complete a non-brokered private placement of flow-through and non-flow-through units to
raise aggregate gross proceeds of up to $800,000.
The flow-through offering will comprise up to 5,714,286 flow-through units, at a price of seven
cents per flow-through unit, for gross proceeds of up to $400,000. Each flow-through unit will
comprise one flow-through common share and one transferable non-flow-through common
share purchase warrant, with each warrant being exercisable for the purchase of one
additional common share, at a price of ten cents per share, for a two-year period.
The offering of non-flow-through units will comprise up to 8,000,000 units, at a price of five
cents per unit, for gross proceeds of up to $400,000. Each unit will comprise one common
share and one transferable common share purchase warrant, each warrant being exercisable
for the purchase of one additional common share, at a price of eight cents per share, for a
two-year period.
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.
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. 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 per cent of
the company's market capitalization. Finders' fees may be payable in connection with the
private placement.
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.”