Decade Resources Ltd. Announces Closing of Private Placement Financing

Executive Summary

• Decade Resources Ltd. closed a flow‑through private placement of 27,183,335 units at C$0.03 per unit, generating gross proceeds of C$815,500.05.
• Each unit includes one flow‑through common share and one transferable non‑flow‑through warrant (exercisable at C$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 British Columbia properties.

Key Details

• Units Issued: 27,183,335 flow‑through units.
• Price per Unit: C$0.03.
• Gross Proceeds: C$815,500.05.
• Unit Composition: 1 flow‑through common share + 1 transferable non‑flow‑through warrant (exercise price C$0.05/share).
• Warrant Term: Exercisable for 24 months from issuance.
• Statutory Hold Period: All securities subject to a four‑month hold, expiring 2026-02-08.
• Finder’s Fees Paid: Cash fees of C$25,880 and issuance of 862,666 warrants at C$0.05 each (24‑month exercise period).
• Use of Proceeds: To cover flow‑through eligible exploration expenses and critical mineral mining expenditures under the Canadian Income Tax Act, focused on Decade’s BC properties.

Notable Quotes

(No direct quotes from management were provided in the release.)