Decade Resources holds five million Showcase shares

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.