- Decade Resources (DEC) has announced a non-brokered private placement of flow-through and non-flow-through shares for gross proceeds of up to $780,000
- The flow-through offering will comprise up to 4,000,000 flow-through units for gross proceeds of up to $480,000
- The non-flow-through offering will comprise up to 3,000,000 shares for gross proceeds of up to $300,000
- Decade Resources Ltd. (DEC) opened trading at C$0.12
Decade Resources (DEC) has announced a non-brokered private placement of flow-through and non-flow-through shares for gross proceeds of up to $780,000.
The flow-through offering will comprise up to 4,000,000 flow-through units, at $0.12 per unit, for gross proceeds of up to $480,000. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant may be exercised for one additional common share priced at $0.16 for a 42 month period.
The non-flow-through offering will comprise up to 3,000,000 shares, at a price of $0.10 per share, for gross proceeds of up to $300,000. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant may be exercised for one additional common share priced at $0.16 for a 24 month period.
The proceeds from the sale of the flow-through shares will be expended on the company’s copper properties located in British Columbia and the proceeds from the sale of non-flow-through shares will be used for working capital purposes.
Decade Resources is a Canadian based mineral exploration company seeking opportunities in the resource sector. Decade holds numerous properties and projects located in the “Golden Triangle” area of northern British Columbia.
Decade Resources Ltd. (DEC) opened trading at C$0.12.