Shares for Debt Stewart, BC – Decade Resources Ltd. ("Decade" or the " Company") (TSXV: RBL.P), is pleased to announce it is entering into agr eements with several creditors pursuant to which it will issue 10,000,000, at a deemed price of $0. 025 per share, to settle indebtedness of $ 250,000. A ll
DECADE RESOURCES LTD.
426 King Street
Stewart, BC
V0T 1W0
April 29, 2020
TSX-V Trading Symbol: DEC
NEWS RELEASE
Shares for Debt
Stewart, BC – Decade Resources Ltd. ("Decade" or the " Company") (TSXV: RBL.P), is pleased to
announce it is entering into agr eements with several creditors pursuant to which it will issue
10,000,000, at a deemed price of $0. 025 per share, to settle indebtedness of $ 250,000. A ll of the
10,000,000 shares are to be issued to related parties. The issuance of the shares is subject to TSX
Venture Exchange approval.
Edward Kruchkowski, the Chief Executive Officer, President and a director of the Company, Randolph
Kasum, the Chief Financial Officer and a director of the Company, and Brian Morrison, a director of the
Company will participate in the shares for debt by receiving, either directly or indirectly through their
privately owned companies, an aggregate of 10,000,000 shares. The participation by such officers and
directors are considered “related party transactions” as defined un der Multilateral Instrument 61 -101
(“MI 61 -101”). The transactions are exempt from the formal valuation and minority shareholder
approval requirements under MI 61 -101 as neither the fair market value of the shares to be issued to,
nor the consideration pa id by, the related parties will exceed 25% of the Company's market
capitalization.
The Company expects that the proposed debt settlements will assist the Company in securing financing.
BY ORDER OF THE BOARD OF DIRECTORS OF
DECADE RESOURCES LTD
"Randolph Kasum"
Randolph Kasum
Director
FORWARD LOOKING STATEMENTS
This news release may contain forward‐looking statements. Forward looking statements are
statements that are not historical facts and are generally, but not always, identified by the words
“expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and
similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.
Although the Company believes the expectations expressed in such forward‐looking statements are
based on reasonable assumptions, such statements are not guarantees of future performance and
actual results may differ materially from those in forward looking statements. Forward‐looking
statements are based on the beliefs, e stimates and opinions of the Company’s management on the
date such statements were made. The Company expressly disclaims any intention or obligation to
update or revise any forward‐looking statements whether as a result of new information, future
events or otherwise.
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policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.