Decade Announces Non-Brokered Private Placement

Rhea-AI Summary

Decade Resources (TSXV: DEC) has announced a non-brokered private placement to raise $255,000 through the issuance of 8.5 million units at $0.03 per unit. Each unit comprises one common share and one share purchase warrant, exercisable at $0.05 per share for five years.

The proceeds will primarily support general working capital, with potential allocation of over 10% towards exploration of BC Properties. The company may pay 8% finders' fees in cash and warrants for certain investors. The private placement is subject to TSX-V approval and a four-month statutory hold period.

Positive

• Warrants have a long exercise period of 5 years
• Company maintains focus on Golden Triangle, a prominent mining region

Negative

• Significant dilution with 8.5 million new units being issued
• Low unit price of $0.03 indicates potential financial pressure
• Small raise amount of $255,000 may not provide substantial working capital

News Market Reaction

-50.00%

1 alert

-50.00% News Effect

On the day this news was published, DECXF declined 50.00%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Stewart, British Columbia--(Newsfile Corp. - September 8, 2025) - Decade Resources Ltd. (TSXV: DEC) ("Decade" or the Company) is pleased to announce a non-brokered private placement of 8,500,000 units (the "Units") at a price of $0.03 per Unit, for gross proceeds of $255,000 (the "Private Placement"). Each Unit will consist of one common share and one share purchase warrant, each whole share purchase warrant being exercisable for a period of five years at a price of $0.05 per share.

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.

Finders' fees of 8 per cent in cash and 8 per cent in finders' warrants may be paid in connection with the private placement for certain investors.

The financing is subject to TSX-V approval. The Units shall be subject to the statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

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 which is presently being updated. 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/265574

FAQ

What are the terms of Decade Resources' (TSXV: DEC) private placement announced on September 8, 2025?

The private placement consists of 8.5 million units at $0.03 per unit, raising $255,000. Each unit includes one common share and one warrant exercisable at $0.05 for five years.

How will Decade Resources use the proceeds from its $255,000 private placement?

The majority of proceeds will be used for general working capital, with potentially over 10% allocated to exploration of BC Properties. No funds will be used for non-arm's-length payments except normal compensation.

What is the warrant exercise price and period for Decade Resources' private placement?

The warrants are exercisable at $0.05 per share for a period of five years.

Are there any finder's fees associated with Decade Resources' private placement?

Yes, the company may pay 8% finder's fees in both cash and finder's warrants for certain investors.

What is the holding period for Decade Resources' private placement units?

The units are subject to a statutory hold period of four months plus one day from the date of issuance.