Decade Announces Share Consolidation and Financing
Decade Resources Ltd.
426 King Street
Stewart, BC
V0T 1W0
TSX.V Trading Symbol: DEC
NEWS RELEASE
DECADE ANNOUNCES SHARE CONSOLIDATION AND FINANCING
June 13, 2022 – Vancouver, British Columbia – Decade Resources Corp. (TSXV: DEC) (the “ Company”)
announces that it is proceeding with a consolidation of its iss ued and outstanding share capital on the basis of one
post-consolidated common share for every five pre-consolidated common shares (the “Consolidation”). No fractional
shares will be issued as any fractional share will be rounded to the nearest whole number.
The Consolidation is subject to final confirmation by the TSX V enture Exchange (the “ Exchange”). The effective
date of the Consolidation will be announced in a separate news release once the Company receives approval from the
Exchange. As a result of the Consolidation, it is expected that the 254,001,485 common shares which are currently
issued and outstanding will be reduced to approximately 50,800,297 common shares, subject to rounding.
Shareholders who hold their common shares through a securities broker or other intermediary and do not have
c o m m o n s h a r e s r e g i s t e r e d i n t h e i r n a m e w i l l n o t b e r e q u i r e d t o t a k e a n y m e a s u r e s w i t h r e s p e c t t o t h e
Consolidation. Letters of transmittal with respect to the Conso lidation will be mailed shortly to all registered
shareholders of the Company. All registered shareholders who su bmit a duly completed letter of transmittal along
with their respective share certificate(s) representing the pre-consolidated common shares to the Company's transfer
agent, Computershare Trust Company of Canada, will receive a certificate representing the post-consolidated common
shares.
The Company believes that the Consolidation may have the effect of, among other things: increasing the interest of
the financial community in the Company and potentially broadening its pool of investors; improving trading liquidity;
and reducing trading commissions and other transaction costs for shareholders.
The Company is also pleased to announce a non-brokered private placement (the "Private Placement") of up to
2,727,272 flow through shares (th e “FT Shares”) at a price of $ 0.22 per FT Share and up to 2,000,000 units (the
“Units”) at a price of $0.13 per Unit. The Units are non-flow t hrough. Each Unit will consist of one common share
and one-half share purchase warrant, with each whole share purc hase warrant being exercisable for a period of two
years at a price of $0.20 per share.
All securities issued pursuant to this financing are subject to a four month hold period from the date of issuance. The
Private Placement is subject to approval from the TSX Venture Exchange.
The Company is also pleased to announce that it has appointed Peter Gianulis and Shawn Nichols as advisors to its
Board of Directors.
Peter Gianulis
Peter Gianulis, a resident of Miami Florida, is currently the President of Carrelton Asset Management, a natural
resource-focused private equity fund. He was formerly a Partner of the Salomon Brothers Hedge Fund Group until
2005 and has spent approximately 25 years as an advisor, investor or insider in numerous companies in the natural
resources industry including Hathor Exploration Limited (now Rio Tinto), CGA Mining (now B2 Gold Mining
Company), Northern Orion Resources (now Yamana Gold Mining Company) and Allegiant Gold Ltd. where he is
currently President. Mr. Gianulis holds a BA degree from the University of California (San Diego) and an MBA
from Cornell University.
Shawn Nichols
Shawn Nichols, a resident of Toronto Ontario, is currently a Director of Allegiant Gold Ltd. He has over 30 years’
experience in capital markets having served as Director of Capital Markets for Scotia Capital Inc. from 2002 to 2014
and before that as Senior Investment Counsel for Citibank Canada. Mr. Nichols holds a Master of Laws Degree
from Boston University and a Bachelor of Laws Degree from Osgoode Hall in Toronto.
“Ed Kruchkowski”
Ed Kruchkowski, President
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements relating to the effective date of the Consolidation, the number of common
shares outstanding following the Consolidation, the treatment of fractional shares in the Consolidation and other statements that
are not historical facts. Forward-looking statements are often identified by terms su ch as "will", "may", "should", "anticipate ",
"expects" and similar expressions. A ll statements other than statements of historic al fact, included in this release are forwar d-
looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate
and actual results and future events could differ materially from those anticipated in such statements. Important factors that could
cause actual results to differ materially from the Company's expectations include thos e relating to the ability to complete the
Consolidation, the number of post-Consolidation common shares being different from the number set out herein and the treatment
of fractional shares in the Consolidation being different from wh at is set out herein and other risks detailed from time to tim e in
the filings made by the Company with securities regulations.
The reader is cautioned that assumptions used in the preparatio n of any forward-looking information may prove to be incorrect.
Events or circumstances may cause actual results to differ mate rially from those predicted, as a result of numerous known and
unknown risks, uncertainties, and other facto rs, many of which are beyond the control of the Company. The reader is cautioned
not to place undue reliance on any forward-looking informa tion. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release ar e expressly qualified by this caut ionary statement. The forward-
looking statements contained in this news release are made as of the date of this news release and the Company will update or
revise publicly any of the included forward- looking statements as expressly required by applicable law.