Decade Announces Non-Brokered Private Placement of Flow- Through and Non-Flow-Through Shares
Decade Resources Ltd.
426 King Street
Stewart, BC
V0T 1W0
TSX.V Trading Symbol: DEC
NEWS RELEASE
April 19, 2022
DECADE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF FLOW-
THROUGH AND NON-FLOW-THROUGH SHARES
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 shares to raise aggregate gross proceeds of up to $500,000.
The flow-through offering will comprise up to 4,615,384 flow-through shares, at a price
of six and one half cents per flow-through share, for gross proceeds of up to
$300,000. The federal proposal for the Mineral Exploration Tax Credit (METC)
provides an additional income tax benefit for individuals who invest in mining flow-
through shares, which augments the tax benefits associated with the deductions
that are flowed through. The METC is equal to 15 per cent of specified mineral
exploration expenses incurred in Canada and renounced to flow-through share
investors. T h e p r o p o s e d 2022 Budget proposes to introduce a new 30-
per-cent Critical Mineral Exploration Tax Credit (CMETC) for specified minerals. The
specified minerals that would be eligible for the CMETC are: copper, nickel, lithium,
cobalt, graphite, rare earth elements, scandium, titanium, gallium, vanadium,
tellurium, magnesium, zinc, pla tinum group metals and uranium. T hese minerals are
used in the production of batteries and permanent magnets, both of which are used
in zero-emission vehicles, or are necessary in the production and processing of
advanced materials, clean technology, or semi-conductors.
The offering of non-flow-through shares will comprise up to 4,000,000 shares, at a price
of five cents per share, for gross proceeds of up to $200,000.
The proceeds from the sale of the flow-through shares will be expended on the
company's properties located in British Columbia and the proceeds from the sale of
non-flow-through shares 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 shares 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.
Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101 is
responsible for the contents of this release. E. Kruchkowski is not independent of
Decade as he is the president of the Company.
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.”