Decade Updates Terms of Non-Brokered Private Placement of Flow-Through and Non-Flow-Through Units
BWL\426501\PP 2018-05-FT-NFT\4310
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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
May 15, 2018 TSX-V: DEC
Decade Updates Terms of Non-Brokered Private Placement
of Flow-Through and Non-Flow-Through Units
Stewart, BC – Decade Resources Ltd. (the “Company”) announces updated terms of the $600,000
private placement of flow-through and non-flow-through units it announced on May 7, 2018.
The flow-through offering will be comprised of up to 4,615,384 flow-through units, at a price of $ 0.065
per flow-through unit, for gross proceeds of up to $ 300,000. Each flow -through unit will be comprised
of 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
$0.08 per share, for a period of 30 months.
The offering of non-flow-through units will be c omprised of up to 17,000,000 units, at a price of $ 0.05
per unit, for gross proceeds of up to $ 850,000. Each unit will be comprised of one common share and
one transferable common share purchase warrant, each warrant being exercisable for the purchase of
one additional common share, at a price of $0.07 per share, for a period of 30 months.
The proceeds from the sale of the flow -through units will 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.
Certain directors and officers of the Company may participate in the private placement. Any such
participation would be considered to be a “related party transaction” as defined under Multilateral
Instrument 61 -101 (“MI 61 -101”). The transaction will be exempt from the formal valuation and
minority shareholder approval requirements of MI 61 -101 as neither the fair market value of any units
issued to or the consideration paid by such persons will not exceed 25% of the Company’s market
capitalization. Finders’ fees may be payable in connection with the private placement.
BY ORDER OF THE BOARD OF DIRECTORS OF
DECADE RESOURCES LTD
"Randolph Kasum"
Randolph Kasum,
Director
“Neither the TSX Venture Exchan ge 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 co ntain forward –looking information . Forward -looking information addresses future events and conditions and
therefore involves inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.