Decade Resources Closes Private Placement for Total Gross Proceeds of $255,000

Rhea-AI Summary

Decade Resources (TSXV: DEC) has successfully closed its private placement, raising gross proceeds of $255,000 through the issuance of 8.5 million units at $0.03 per unit. Each unit consists of one common share and one transferable warrant, exercisable at $0.05 per share for 5 years.

The company paid $20,400 in finder's fees and issued 680,000 warrants with a 2-year term. The proceeds will primarily support general working capital, with potential allocation of over 10% towards exploration of BC Properties. All securities are subject to a four-month hold period ending January 17, 2026.

Positive

• Raised $255,000 in fresh capital through private placement
• 5-year warrant term provides long-term potential upside for investors
• Flexibility to allocate funds for BC Properties exploration

Negative

• Significant dilution with 8.5 million new units issued
• Additional dilution from 680,000 finder's warrants
• Relatively small raise amount may require additional future funding

News Market Reaction

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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. - September 17, 2025) -  Decade Resources Ltd. (TSXV: DEC) ("Decade" or the Company) is pleased to announce that it has closed its previously announced private placement.

A total of 8,500,000 units were issued on a private placement basis at a price of 3 cents per unit, for aggregate gross proceeds of $255,000. Each unit comprised of one common share and one transferable common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.05 per share, for a 5-year period.

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.

All securities that were issued are subject to a statutory hold period of four months from the date of issuance, expiring January 17, 2026, in accordance with applicable securities laws.

In consideration for introducing the subscribers to the private placement, the company paid a cash finder's fee totaling $20,400 and issued 680,000 warrants, with a 2-year term, at $0.05 to a finder.

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/266649

FAQ

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

The private placement consisted of 8.5 million units at $0.03 per unit, with each unit including one common share and one warrant exercisable at $0.05 for 5 years, raising $255,000.

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 potential allocation of over 10% towards exploration of BC Properties. No funds will be used for non-arm's-length payments except normal compensation.

What finder's fees did Decade Resources pay for the private placement?

Decade Resources paid $20,400 in cash finder's fees and issued 680,000 warrants with a 2-year term at $0.05 per share.

When does the hold period expire for Decade Resources' private placement securities?

The statutory hold period for the securities expires on January 17, 2026, four months from the date of issuance.

Where are Decade Resources' properties located?

All of Decade Resources' properties are located in the Golden Triangle area of northern British Columbia, Canada.