Decade Resources arranges $1-million private placement

Executive Summary

• Decade Resources Ltd. is conducting a non‑brokered private placement to raise up to $1 million through the sale of 33,333,333 flow‑through units at C$0.03 per unit.
• Each unit includes one common share and one transferable warrant exercisable for an additional share at C$0.05 for 24 months.
• Proceeds will be used to fund Decade’s exploration projects in British Columbia; finders’ fees may be payable.

Key Details

• Offering Size: Up to 33,333,333 flow‑through units (aggregate gross proceeds of up to $1 million).
• Pricing: C$0.03 per flow‑through unit; warrants exercisable at C$0.05 per share.
• Unit Composition: 1 common share + 1 transferable common share purchase warrant (exercisable for one additional common share).
• Warrant Term: 24 months from issuance.
• Tax Incentives Discussed: Federal Mineral Exploration Tax Credit (METC) – 15 % of eligible exploration expenses; proposed 30 % Critical Mineral Exploration Tax Credit (CMETC) for specified minerals (copper, nickel, lithium, etc.).
• Use of Proceeds: To be expended on Decade’s projects located in British Columbia.
• Finders’ Fees: May be payable in connection with the private placement.
• Qualified Person Statement: Ed Kruchkowski, P.Geo., President and qualified person under NI 43‑101, is responsible for the contents of this release (not independent).

Notable Quotes

(No direct quotes provided in the release.)