Decade Resources Ltd. Announces Closing of Non-Brokered Private Placement
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DECADE RESOURCES LTD.
(the “Company”)
611 - 8th Street Stewart, British Columbia V0T 1W0 Telephone: (250) 636-2264 Fax: (250) 636-2265
NEWS RELEASE
December 19, 2012 Trading Symbol: TSXV-DEC
Decade Resources Ltd. Announces Closing of Non-Brokered Private Placement
Further to the Company’s earlier news release dated November 15, 2012, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed a private placement of 1,600,000 flow-through units, at a price of $0.05 per flow-through unit, to raise proceeds of $80,000. Each unit consists of one flow-through common share and one warrant to purchase an additional common share, at $0.10 per share, until December 17, 2014. No finder’s fee or commission were paid in connection with the private placement.
All of the shares, warrants and any shares issued upon exercise of the warrants comprising the flow-through units are subject to a hold period and may not be traded in Canada until April 18, 2013, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS,
"Randolph Kasum"
Randolph Kasum, Chief Financial Officer/Director
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.
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