Stewart, British Columbia--(Newsfile Corp. - September 17, 2025) - Decade Resources Ltd. (TSXV: DEC) ("Decade" or the Company) is pleased to announce that it has closed its previously announced private placement.
A total of 8,500,000 units were issued on a private placement basis at a price of 3 cents per unit, for aggregate gross proceeds of $255,000. Each unit comprised of one common share and one transferable common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.05 per share, for a 5-year period.
It is expected that the majority of the proceeds will be used for general working capital purposes. The Company may use more then 10% of the funds towards exploration on its BC Properties. None of the proceeds from the financing will be used for payments to non-arm's-length parties of the company other than normal course compensation of its officers, directors, employees and consultants as part of general working capital purposes, or to persons conducting investor relations activities.
All securities that were issued are subject to a statutory hold period of four months from the date of issuance, expiring January 17, 2026, in accordance with applicable securities laws.
In consideration for introducing the subscribers to the private placement, the company paid a cash finder's fee totaling $20,400 and issued 680,000 warrants, with a 2-year term, at $0.05 to a finder.
"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 statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266649

© 2025 Canjex Publishing Ltd. All rights reserved.