Decade Resources Closes Private Placement for Total Gross Proceeds of $1,170,000

Rhea-AI Summary

Decade Resources (OTC:DECXF) closed a private placement on November 24, 2025, raising aggregate gross proceeds of $1,170,000 through flow-through and non-flow-through units.

The company issued 24,250,000 flow-through units at $0.04 (flow-through share + one warrant, 24‑month expiry at $0.06) for $970,000, and 5,000,000 non-flow-through units at $0.04 (share + one warrant, 36‑month expiry at $0.06) for $200,000.

Flow-through proceeds will fund qualifying Canadian exploration on the company’s B.C. properties; non-flow-through proceeds will be used for general working capital. All securities are subject to a four-month hold expiring March 22, 2026.

Positive

• $1,170,000 gross proceeds closed
• Flow-through funds dedicated to B.C. exploration
• Private placement completed without related-party payments

Negative

• 29,250,000 warrants issued to subscribers exercisable at $0.06
• 29,250,000 common shares issued, diluting existing holders
• Finder fees: $86,800 cash plus 2,170,000 warrants

Stewart, British Columbia--(Newsfile Corp. - November 24, 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 24,250,000 flow-through units were issued on a private placement basis at a price of 4 cents per unit, for aggregate gross proceeds of $970,000. Each unit comprised one flow through common share and one transferable non flow through common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.06 per share, for a 24-month period.

A total of 5,000,000 non-flow-through units were issued on a private placement basis at a price of 4 cents per unit, for aggregate gross proceeds of $200,000. Each unit comprised one non flow through common share and one transferable non flow through common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.06 per share, for a 36-month period.

All of the 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 B.C. properties. All of the proceeds from the non flow through units will be used for general working capital. None of the proceeds from the financing will be used for payments to non-arm's-length parties of the company or to persons conducting investor relations activities. The company has not allocated any specific use for funds representing 10 per cent or more of the gross proceeds.

All securities that were issued are subject to a statutory hold period of four months from the date of issuance, expiring March 22, 2026, in accordance with applicable securities laws.

In consideration for introducing certain subscribers to the private placement, the company paid cash finder's fees totaling $86,800 and issued 2,170,000 warrants at $0.06 to the finders. The warrants are exercisable for a 24-month period and expire on November 21, 2027.

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/275759

FAQ

How much did Decade Resources (DECXF) raise in the November 24, 2025 private placement?

Decade raised $1,170,000 through flow-through and non-flow-through units.

What securities were issued in Decade Resources' (DECXF) private placement on November 24, 2025?

The company issued 29,250,000 common shares and 29,250,000 subscriber warrants, plus 2,170,000 finder warrants.

What are the warrant terms from Decade Resources' (DECXF) financing?

Subscriber warrants exercisable at $0.06; flow-through warrants expire in 24 months, non-flow-through in 36 months; finder warrants expire November 21, 2027.

How will Decade Resources (DECXF) use the proceeds from the private placement?

Flow-through proceeds will fund qualifying Canadian exploration on B.C. properties; non-flow-through proceeds for general working capital.

When do the hold periods end for securities issued by Decade Resources (DECXF)?

All issued securities are subject to a statutory hold ending on March 22, 2026.