Decade Announces Non-Brokered Private Placement

Executive Summary

• Decade Resources Ltd. announced a non‑brokered private placement of 8,500,000 units at $0.03 per unit, generating gross proceeds of $255,000.
• Each unit consists of one common share and one five‑year warrant exercisable at $0.05 per share; finders’ fees of 8 % cash and 8 % warrants will be paid to certain investors.
• The majority of the funds are earmarked for general working capital, with up to 10 % potentially allocated to exploration on BC properties.

Key Details

• Units Offered: 8,500,000 units at $0.03 per unit.
• Gross Proceeds: $255,000.
• Unit Composition: 1 common share + 1 share purchase warrant (exercisable for five years at $0.05 per share).
• Finders’ Compensation: 8 % cash fee and 8 % finders’ warrants payable to designated investors.
• Use of Proceeds: Primarily general working capital; ≤10 % may be used for exploration on BC properties.
• Regulatory Conditions: Subject to TSX‑V approval; units subject to statutory hold period of four months plus one day.
• No Non‑Arm’s Length Payments: Funds will not be used for payments to non‑arm’s‑length parties beyond normal compensation and investor relations activities.

Notable Quotes

• “We are pleased to announce this financing, which provides the capital needed to advance our exploration programs while maintaining a strong balance sheet.” – Ed Kruchkowski, President, Decade Resources Ltd.