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M&A / Property

Decade Resources holds five million Showcase shares

By The Northwire Desk — AI Analysis Feb 04, 2026 · 04:58 DEC · 0.105 Decade Resources Ltd.
DEC · Price

Executive Summary

  • Decade Resources Ltd. acquired a 100% interest in two gold projects (Grassy and Premier East) located in the Golden Triangle region of British Columbia from Showcase Minerals Inc.
  • The transaction consideration consisted of 5 million common shares of Showcase issued to Decade, representing approximately 19% of Showcase’s issued and outstanding shares on a non-diluted basis.
  • The shares received by Decade are subject to a four-month-and-one-day hold period, and Decade now holds a significant equity position in Showcase.

Key Details

  • Transaction Structure: Mineral property purchase agreement between Decade Resources Ltd. (Acquirer) and Showcase Minerals Inc. (Seller).
  • Assets Acquired: 100% interest in the Grassy and Premier East gold projects.
  • Location: North of Stewart, B.C., and just east of the Premier gold mine in the Golden Triangle region.
  • Consideration: 5,000,000 common shares of Showcase Minerals Inc. issued to Decade.
  • Shareholding Impact: Decade’s beneficial ownership increased from nil to 5,000,000 shares, representing 19% of Showcase’s issued and outstanding common shares on a non-diluted basis.
  • Restrictions: The 5 million common shares received are subject to a four-month-and-one-day hold period from issuance.
  • Regulatory Context: Disclosure filed pursuant to National Instrument 62-103 (Early Warning Report).

Notable Quotes

  • None provided in the text.
Read the original news release →

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