Decade Closes Private Placement
DECADE RESOURCES LTD.
611 - 8th Street Stewart, British Columbia, V0T 1W0
Telephone: (250) 636-2264 Fax: (250) 636-2265
NEWS RELEASE
June 15, 2018 TSX-V: DEC
DECADE CLOSES PRIVATE PLACEMENT
Stewart, B.C. – Decade Resources Ltd. (the “Company”) is pleased to report that it has closed its previously announced non-brokered private placement of flow-through and non-flow-through units.
The Company issued a total of 4,615,385 flow-through units, at a price of $0.065 per flow-through unit, for gross proceeds of $300,000. Each flow-through unit is comprised of one flow-through common share and one transferable non-flow-through warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.08 per share, for a period of 30 months.
The Company also issued a total of 22,195,000 non-flow-through units, at a price of $0.05 per non-flowthrough unit, for gross proceeds of $1,109,750. Each non-flow-through unit is comprised of one common share and one transferable warrant, each warrant being exercisable for the purchase of one additional common share at a price of $0.07 per share, for a period of 30 months.
The aggregate proceeds from the sale of flow-through and non-flow-through units totaled $1,409,750. The proceeds from the sale of the flow-through units will be expended on the Company’s properties located in British Columbia and the proceeds from the sale of non-flow-through units will be used for working capital purposes.
No finder’s fees or commissions were paid in connection with the private placement.
All of the shares, warrants, and any shares issued upon exercise of the warrants comprising the units, are subject to a hold period until October 16, 2018, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.
BY ORDER OF THE BOARD OF DIRECTORS OF DECADE RESOURCES LTD
"Randolph Kasum"
Randolph Kasum, Director
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward–looking information. Forward-looking information addresses future events and conditions and therefore involves inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.