Decade Resources Closes Private Placement for Total Gross Proceeds of $1,170,000
Decade Resources Closes Private Placement
for Total Gross Proceeds of $1,170,000
Stewart, British Columbia--(Newsfile Corp. - November 24, 2025) - Decade Resources Ltd. (TSXV:
DEC) ("Decade" or the Company) is pleased to announce that it has closed its previously announced
private placement.
A total of 24,250,000 flow-through units were issued on a private placement basis at a price of 4 cents
per unit, for aggregate gross proceeds of $970,000. Each unit comprised one flow through common
share and one transferable non flow through common share purchase warrant, each warrant being
exercisable for the purchase of one additional common share, at a price of $0.06 per share, for a 24-
month period.
A total of 5,000,000 non-flow-through units were issued on a private placement basis at a price of 4
cents per unit, for aggregate gross proceeds of $200,000. Each unit comprised one non flow through
common share and one transferable non flow through common share purchase warrant, each warrant
being exercisable for the purchase of one additional common share, at a price of $0.06 per share, for a
36-month period.
All of the proceeds from the sale of flow-through units will be utilized for incurring flow-through expenses
that qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures as
defined in the Income Tax Act (Canada). Flow-through proceeds will be spent on the company's B.C.
properties. All of the proceeds from the non flow through units will be used for general working capital.
None of the proceeds from the financing will be used for payments to non-arm's-length parties of the
company or to persons conducting investor relations activities. The company has not allocated any
specific use for funds representing 10 per cent or more of the gross proceeds.
All securities that were issued are subject to a statutory hold period of four months from the date of
issuance, expiring March 22, 2026, in accordance with applicable securities laws.
In consideration for introducing certain subscribers to the private placement, the company paid cash
finder's fees totaling $86,800 and issued 2,170,000 warrants at $0.06 to the finders. The warrants are
exercisable for a 24-month period and expire on November 21, 2027.
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."
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https://www.newsfilecorp.com/release/275759