Decade Resources Closes Flow Through Private Placement for Total Gross Proceeds of $120,000
Rhea-AI Summary
Decade Resources (TSXV: DEC) has successfully closed a flow-through private placement, raising gross proceeds of $120,000. The company issued 4,000,000 flow-through units at $0.03 per unit. Each unit includes one flow-through common share and one transferable warrant exercisable at $0.05 per share for 36 months.
The proceeds will be used for Canadian exploration expenses and flow-through critical mineral mining expenditures on the company's British Columbia properties in the "Golden Triangle" area. All issued securities are subject to a four-month statutory hold period expiring December 13, 2025.
Positive
- Secured $120,000 in new funding for exploration activities
- Warrants provide potential for additional future funding at $0.05 per share
- Funds will be used for qualified flow-through mining expenditures, providing tax benefits to investors
Negative
- Small financing amount may limit exploration scope
- Potential dilution from warrant exercise
News Market Reaction
On the day this news was published, DECXF declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Stewart, British Columbia--(Newsfile Corp. - August 12, 2025) - Decade Resources Ltd. (TSXV: DEC) ("Decade" or the Company) is pleased to announce that it has closed a flow through private placement.
A total of 4,000,000 flow-through units were issued on a private placement basis at a price of 3 cents per unit, for aggregate gross proceeds of
Proceeds from the sale of flow-through units will be utilized for incurring flow through expenses that qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures as defined in the Income Tax Act (Canada). Flow-through proceeds will be spent on the Company's BC properties.
All securities that were issued are subject to a statutory hold period of four months from the date of issuance, expiring December 13, 2025, in accordance with applicable securities laws.
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/262236
FAQ
What is the size and price of Decade Resources' (TSXV: DEC) flow-through private placement?
What are the warrant terms in Decade Resources' private placement?
How will Decade Resources use the proceeds from the flow-through financing?
When does the hold period expire for Decade Resources' private placement securities?
Where are Decade Resources' properties located?
