16:30:30 EST Mon 02 Nov 2026
Enter Symbol
or Name
USA
CA



Decade Resources Ltd (3)
Symbol DEC
Shares Issued 269,679,022
Close 2026-10-30 C$ 0.10
Market Cap C$ 26,967,902
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Decade arranges $2.17-million private placement

2026-11-02 15:44 ET - News Release

An anonymous director reports

DECADE RESOURCES LTD. ANNOUNCES $2.17 MILLION FLOW-THROUGH PRIVATE PLACEMENT

Decade Resources Ltd. intends to complete a non-brokered flow-through private placement financing to raise gross proceeds of up to $2.17-million through the issuance of up to 14,466,666 flow-through units at a price of 15 cents per FT unit.

Each FT unit will consist of one common share of the company to be issued as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional non-flow-through common share of the company at an exercise price of 25 cents per share for a period of two years from the date of issuance.

The gross proceeds from the issuance of the flow-through shares will be used to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures, as defined in the tax act, on the company's mineral exploration properties located in British Columbia. The company intends to renounce such qualifying expenditures to subscribers with an effective date of no later than Dec. 31, 2026, subject to applicable tax legislation.

In connection with the offering, the company may pay finders' fees to eligible arm's-length finders consisting of cash commissions equal to 8 per cent of the gross proceeds raised from subscribers introduced by such finders and issue non-transferable finders' warrants equal to 8 per cent of the number of FT units sold to such subscribers. Each finder's warrant will be exercisable to acquire one non-flow-through common share of the company at a price of 15 cents per share for a period of two years from the date of issuance. All finders' fees will be subject to the policies and approval of the TSX Venture Exchange.

The offering remains subject to acceptance by the exchange and any other required regulatory approvals. All securities issued pursuant to the offering, including any common shares issued upon exercise of the warrants or finders' warrants, will be subject to a statutory hold period of four months and one day from the applicable date of issuance, as required under applicable Canadian securities laws.

The company may complete the offering in one or more tranches.

About Decade Resources Ltd.

Decade is a Canadian mineral exploration company focused on the exploration and development of mineral properties in British Columbia.

We seek Safe Harbor.

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