Decade Resources Closes Oversubscribed Flow Through Private Placement for Total Gross Proceeds of $308,500
Rhea-AI Summary
Positive
- Successfully raised $308,500 through oversubscribed private placement
- Funds will be used for exploration of BC properties in the resource-rich Golden Triangle area
- Warrants provide potential for additional future funding at $0.05 per share
Negative
- Dilution of existing shareholders through issuance of 8.8 million new units
- Additional potential dilution from 9.27 million warrants if exercised
- Relatively small raise amount may require additional future financings
News Market Reaction
On the day this news was published, DECXF gained 50.00%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Stewart, British Columbia--(Newsfile Corp. - June 16, 2025) - Decade Resources Ltd. (TSXV: DEC) ("Decade" or the Company) is pleased to announce that it has closed its previously announced flow through private placement.
A total of 8,814,286 flow-through units were issued on a private placement basis at a price of 3.5 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 October 14, 2025, in accordance with applicable securities laws.
In consideration for introducing certain subscribers to the private placement, the company paid cash finder's fees totaling
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/255750
FAQ
How much did Decade Resources (DECXF) raise in their June 2025 private placement?
What is the exercise price and expiry of DECXF's warrants from the June 2025 placement?
How many flow-through units did Decade Resources issue in the June 2025 placement?
What will Decade Resources use the proceeds for from their June 2025 placement?
What finder's fees did Decade Resources pay for the June 2025 private placement?
