Decade Increases Non-Brokered Private Placement
Decade Increases Non-Brokered Private
Placement
Stewart, British Columbia--(Newsfile Corp. - September 18, 2024) - Decade Resources Ltd. (TSXV:
DEC) ("Decade" or the Company) is increasing the size of its previously announced non-brokered
private placement (the "Private Placement"), previously announced on September 9, 2024 and
September 11, 2024.
The Company will now issue 29,714,286 units (the "Units") at a price of $0.035 per Unit, for gross
proceeds of $1,040,000 (the "Private Placement"). Each Unit will consist of one common share and one
share purchase warrant, each whole share purchase warrant being exercisable for a period of five years
at a price of $0.06 per share.
It is expected that the majority of the proceeds will be used for general working capital purposes. The
Company may use more then 10% of the funds towards exploration on its BC Properties. None of the
proceeds from the financing will be used for payments to non-arm's-length parties of the company other
than normal course compensation of its officers, directors, employees and consultants as part of general
working capital purposes, or to persons conducting investor relations activities.
Finders' fees of 8 per cent in cash and 8 per cent in finders' warrants will be paid in connection with the
private placement for certain investors.
The financing is subject to TSX-V approval. The Units shall be subject to the statutory hold period of four
months plus a day from the date of issuance in accordance with applicable securities legislation.
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."
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/223778