Decade Announces Agreement to Sell Interests in Red Cliff and Premier East Properties to Mabel Ventures Inc.
Decade Resources (TSXV: DEC) has entered into a definitive purchase agreement with Mabel Ventures (CSE: MBL) to sell significant property interests in British Columbia's Skeena Mining Division. The transaction includes the sale of a 65% interest in the Red Cliff Property and a 100% interest in the Premier East Property.
Under the agreement terms, Mabel will pay $600,000 in cash and reimburse Decade for previously advanced reclamation bond funds. The deal's completion is contingent on regulatory approvals and Mabel completing a minimum $1,000,000 financing. This strategic sale provides Decade with non-dilutive funding to advance other exploration assets in its portfolio within British Columbia's "Golden Triangle" region.
Decade Resources (TSXV: DEC) ha stipulato un accordo definitivo di acquisto con Mabel Ventures (CSE: MBL) per la vendita di importanti interessi immobiliari nella Skeena Mining Division della British Columbia. La transazione comprende la cessione di un interesse del 65% nella proprietà Red Cliff e un interesse del 100% nella proprietà Premier East.
Secondo i termini dell'accordo, Mabel verserà 600.000 dollari in contanti e rimborserà a Decade i fondi anticipati per il deposito di bonifica. Il completamento dell'operazione è soggetto all'approvazione normativa e al completamento da parte di Mabel di un finanziamento minimo di 1.000.000 di dollari. Questa vendita strategica fornisce a Decade risorse non diluitive per sviluppare altri asset esplorativi nel suo portafoglio all'interno della regione del "Golden Triangle" della British Columbia.
Decade Resources (TSXV: DEC) ha firmado un acuerdo definitivo de compra con Mabel Ventures (CSE: MBL) para vender importantes intereses en propiedades en la división minera de Skeena, Columbia Británica. La transacción incluye la venta de un 65% de interés en la propiedad Red Cliff y un 100% de interés en la propiedad Premier East.
Bajo los términos del acuerdo, Mabel pagará 600,000 dólares en efectivo y reembolsará a Decade los fondos previamente adelantados para el bono de reclamación. La finalización del acuerdo depende de las aprobaciones regulatorias y de que Mabel complete una financiación mínima de 1,000,000 dólares. Esta venta estratégica proporciona a Decade financiamiento no dilutivo para avanzar otros activos de exploración en su cartera dentro de la región del "Golden Triangle" en Columbia Británica.
Decade Resources (TSXV: DEC)는 Mabel Ventures (CSE: MBL)와 브리티시컬럼비아 주 스키나 광산 지역 내 주요 부동산 지분 매각을 위한 최종 매매 계약을 체결했습니다. 이번 거래에는 Red Cliff 자산의 65% 지분과 Premier East 자산의 100% 지분 매각이 포함됩니다.
계약 조건에 따라 Mabel은 60만 달러 현금을 지급하고, Decade가 이전에 선지급한 복구 보증금도 상환합니다. 거래 완료는 규제 승인과 Mabel의 최소 100만 달러 자금 조달 완료가 조건입니다. 이번 전략적 매각은 Decade에 브리티시컬럼비아 ‘골든 트라이앵글’ 지역 내 다른 탐사 자산을 개발할 수 있는 희석 없는 자금을 제공합니다.
Decade Resources (TSXV : DEC) a conclu un accord d'achat définitif avec Mabel Ventures (CSE : MBL) pour céder d'importants intérêts fonciers dans la division minière de Skeena en Colombie-Britannique. La transaction comprend la vente d'une participation de 65 % dans la propriété Red Cliff et d'une participation de 100 % dans la propriété Premier East.
Selon les termes de l'accord, Mabel versera 600 000 $ en espèces et remboursera à Decade les fonds avancés précédemment pour la caution de remise en état. La finalisation de l'accord est conditionnée à l'obtention des approbations réglementaires et à la réalisation par Mabel d'un financement minimum de 1 000 000 $. Cette vente stratégique offre à Decade un financement non dilutif pour faire avancer d'autres actifs d'exploration dans son portefeuille, situés dans la région du « Golden Triangle » en Colombie-Britannique.
Decade Resources (TSXV: DEC) hat eine endgültige Kaufvereinbarung mit Mabel Ventures (CSE: MBL) über den Verkauf bedeutender Grundstücksanteile in der Skeena Mining Division in British Columbia abgeschlossen. Die Transaktion umfasst den Verkauf eines 65%igen Anteils am Red Cliff Grundstück und eines 100%igen Anteils am Premier East Grundstück.
Nach den Vertragsbedingungen zahlt Mabel 600.000 US-Dollar in bar und erstattet Decade die zuvor vorgestreckten Rekultivierungsbürgschaftsmittel. Der Abschluss des Geschäfts hängt von behördlichen Genehmigungen und der erfolgreichen Durchführung einer Mindestfinanzierung von 1.000.000 US-Dollar durch Mabel ab. Dieser strategische Verkauf verschafft Decade nicht verwässernde Mittel, um andere Explorationsprojekte im Portfolio in der "Golden Triangle"-Region von British Columbia voranzutreiben.
- Receives $600,000 in non-dilutive cash funding
- Additional reimbursement for previously advanced reclamation bond funds
- Strategic optimization of property portfolio
- Deal allows focus on other exploration assets
- Reduction in property holdings with sale of significant interests in two properties
- Transaction completion dependent on Mabel's ability to raise minimum $1,000,000 financing
Stewart, British Columbia--(Newsfile Corp. - August 6, 2025) - Decade Resources Ltd. (TSXV: DEC) ("Decade" or the "Company") is pleased to announce that it has entered into a definitive purchase agreement (the "Purchase Agreement") dated August 4, 2025, with Mabel Ventures Inc. (CSE: MBL) ("Mabel"), an arm's length public company. Under the terms of the agreement, Decade has agreed to sell a
Transaction Summary
Under the terms of the Purchase Agreement, Mabel Ventures Inc. will:
- Pay Decade
$600,000 in cash as consideration for the acquisition of Decade's65% interest in the Red Cliff Property and100% of the Premier East Property. - Reimburse Decade for its share of previously advanced funds related to a reclamation bond for permitting at Red Cliff.
Conditions to Closing
Completion of the Transaction remains subject to customary conditions, including:
- Receipt of all required regulatory approvals and consents
- Mabel Ventures completing a financing of no less than
$1,000,000 - Delivery of standard closing documentation
Strategic Rationale
This sale provides Decade with non-dilutive funding to advance its other exploration assets. The transaction aligns with Decade's strategy to unlock value from its extensive portfolio of exploration-stage properties in northwestern British Columbia.
About Decade Resources Ltd.
Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource sector. Decade holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are all located in the "Golden Triangle" area of northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca. For investor information, please call 250- 636-2264 or Gary Assaly at 604-377-7969.
ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.
"Ed Kruchkowski"
Ed Kruchkowski, President
"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/261555
FAQ
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