Decade Closes Private Placement FOR $457,900
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DECADE RESOURCES LTD.
611 - 8th Street
Stewart, British Columbia, V0T 1W0
Telephone: (250) 636-2264 Fax: (250) 636-2265
NEWS RELEASE
July 21, 2017 TSX-V: DEC
DECADE CLOSES PRIVATE PLACEMENT FOR $457,900
Stewart, B .C. – Decade Resources Ltd. (the “ Company”) is pleased to report that it has closed its
previously announced non-brokered private placement of flow-through and non-flow-through units.
The Company issued a total of 2,898,823 flow-through units, at a price of $ 0.085 per flow-through unit,
for gross proceeds of $246,400 . Each flow -through unit is comprised of one flow -through common
share and one transferable non-flow-through warrant, each warrant being exerc isable for the purchase
of one additional common share, at a price of $0.11 per share, for a two year period.
Due to the recent increase in the Company’s share price, the non-flow-through units were issued at two
prices. Subscriptions for non -flow-through units received before the Company’s July 5, 2017 news
release regarding drilling on the Red Cliff property were issued at the previously-announced price
($0.065 per unit), whereas subscriptions received after the issuance of that news release received uni ts
at the minimum price permitted by the TSX Venture Exchange ($0.085 per unit) . As a result, the
Company issued 1,000,000 non -flow-through units at a price of $0.065 per unit for gross proceeds of
$65,000, with each such unit being comprised of one common share and one transferable warrant, each
warrant being exercisable for the purchase of one additional common share at a price of $0.09 per
share, for a two year period. The Company also issued 1,723,527 non -flow-through units at a price of
$0.085 per unit, for gross proceeds of $146,500. Each of these units is comprised of one common share
and one transferable warrant, each warrant being exercisable for the purchase of one additional
common share, at a price of $0. 11 per share, for a two year period. A ggregate subscription proceeds
from the sale of all of the non-through through units totaled $211,500.
The aggregate proceeds from the sale of flow -through and non -flow-through units totaled $457,900.
The proceeds from the sale of the flow -through units w ill 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.
No finder’s fees or commissions were paid in connection with the private placement.
All of the shares, warrants , and any shares issued upon exercise of the warrants comprising the units ,
are subject to a hold period until November 22, 201 7, except as permitted by applicable Canadian
securities laws and the TSX Venture Exchange.
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 up
dated. 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
"Randolph Kasum"
Randolph Kasum,
Director
Neither the TSX Venture Exchange nor its regu lation 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.