Decade closes $815,500 private placement

Executive Summary

• Decade Resources Ltd. closed its flow‑through private placement, issuing 27,183,335 units at $0.03 per unit for total gross proceeds of $815,500.05.
• Each unit includes one flow‑through common share and one transferable non‑flow‑through warrant exercisable at $0.05 per share for 24 months.
• Proceeds will be used to fund Canadian exploration expenses and critical mineral mining expenditures on the company’s B.C. properties.

Key Details

• Units Issued: 27,183,335 flow‑through units.
• Unit Price: $0.03 per unit.
• Gross Proceeds: $815,500.05.
• Warrant Component: Each unit carries one warrant for an additional common share at $0.05, exercisable for 24 months.
• Use of Proceeds: To cover flow‑through eligible exploration expenses and critical mineral mining expenditures on Decade’s British Columbia properties.
• Statutory Hold Period: All securities subject to a four‑month hold period, expiring Feb 8 2026.
• Finder’s Fees Paid: $25,880 in cash plus issuance of 862,666 warrants at $0.05 each to finders; these warrants are also exercisable for 24 months.

Notable Quotes

(No direct quotes were provided in the release.)