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Decade Announces Non-Brokered Private Placement

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Decade Resources has announced a non-brokered private placement of flow-through shares to raise up to $910,000. The offering consists of 18,200,000 flow-through units at $0.05 per unit, with each unit including one common share and one transferable purchase warrant exercisable at $0.08 per share for 24 months. The proceeds will be used for the company's projects in British Columbia. The offering benefits from the Mineral Exploration Tax Credit (METC) providing 15% tax credit and the new Critical Mineral Exploration Tax Credit (CMETC) offering 30% for specified minerals.

Decade Resources ha annunciato un collocamento privato di azioni flow-through senza intermediazione per raccogliere fino a 910.000 dollari. L'offerta consiste in 18.200.000 unità flow-through a 0,05 dollari ciascuna, con ogni unità che include un'azione comune e un warrant di acquisto trasferibile esercitabile a 0,08 dollari per azione per 24 mesi. I proventi saranno utilizzati per i progetti dell'azienda in Columbia Britannica. L'offerta beneficia del Mineral Exploration Tax Credit (METC) che offre un credito d'imposta del 15% e del nuovo Critical Mineral Exploration Tax Credit (CMETC) che offre il 30% per minerali specifici.

Decade Resources ha anunciado una colocación privada de acciones flow-through sin intermediarios para recaudar hasta 910,000 dólares. La oferta consiste en 18,200,000 unidades flow-through a 0.05 dólares por unidad, donde cada unidad incluye una acción común y un warrant transferible ejercitable a 0.08 dólares por acción durante 24 meses. Los ingresos se utilizarán para los proyectos de la empresa en Columbia Británica. La oferta se beneficia del Mineral Exploration Tax Credit (METC) que proporciona un crédito fiscal del 15% y del nuevo Critical Mineral Exploration Tax Credit (CMETC) que ofrece un 30% para minerales específicos.

Decade Resources는 최대 910,000달러를 모금하기 위해 비중개 개인 배치를 발표했습니다. 이 제안은 1주당 0.05달러에 18,200,000개의 유동 주식 단위로 구성되며, 각 단위는 1개의 보통주와 24개월 동안 1주당 0.08달러에 행사 가능한 양도 가능한 매수 총괄권을 포함합니다. 수익금은 브리티시컬럼비아주의 회사 프로젝트에 사용될 예정입니다. 이 제안은 15%의 세금 공제를 제공하는 광물 탐사 세금 공제(METC)와 특정 광물에 대해 30%를 제공하는 새로운 주요 광물 탐사 세금 공제(CMETC)의 혜택을 누립니다.

Decade Resources a annoncé un placement privé sans courtage d'actions flow-through pour lever jusqu'à 910 000 dollars. L'offre se compose de 18 200 000 unités flow-through au prix de 0,05 dollar par unité, chaque unité comprenant une action ordinaire et un bon de souscription transférable exerçable à 0,08 dollar par action pendant 24 mois. Les fonds seront utilisés pour les projets de l'entreprise en Colombie-Britannique. L'offre bénéficie du Mineral Exploration Tax Credit (METC) qui offre un crédit d'impôt de 15 % et du nouveau Critical Mineral Exploration Tax Credit (CMETC) qui propose 30 % pour certains minéraux.

Decade Resources hat eine nicht vermittelte Privatplatzierung von Flow-Through-Aktien angekündigt, um bis zu 910.000 Dollar zu sammeln. Das Angebot besteht aus 18.200.000 Flow-Through-Einheiten zu je 0,05 Dollar pro Einheit, wobei jede Einheit eine Stammaktie und einen übertragbaren Kaufwarrant umfasst, der innerhalb von 24 Monaten zu 0,08 Dollar pro Aktie ausgeübt werden kann. Die Erlöse werden für die Projekte des Unternehmens in British Columbia verwendet. Das Angebot profitiert vom Mineral Exploration Tax Credit (METC), der einen Steuerabzug von 15% bietet, sowie dem neuen Critical Mineral Exploration Tax Credit (CMETC), der 30% für bestimmte Mineralien bietet.

Positive
  • Raising $910,000 in new capital through flow-through shares
  • Investors benefit from both METC (15%) and CMETC (30%) tax credits
  • Warrant inclusion provides additional upside potential at $0.08 per share
Negative
  • Share dilution through issuance of 18,200,000 new units
  • Additional dilution possible through warrant exercise

Stewart, British Columbia--(Newsfile Corp. - November 7, 2024) - Decade Resources Ltd (TSXV: DEC) ("Decade" or the Company) is pleased to announce a non-brokered private placement of flow-through shares to raise aggregate gross proceeds of up to $910,000.

The flow-through offering will comprise of 18,200,000 flow-through units, at a price of $0.05 per flow-through unit, for gross proceeds of $910,000. Each unit will comprise 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 $0.08 per share, for a 24-month period. The federal proposal for the Mineral Exploration Tax Credit (METC) provides an additional income tax benefit for individuals who invest in mining flow-through shares, which augments the tax benefits associated with the deductions that are flowed through. The METC is equal to 15 per cent of specified mineral exploration expenses incurred in Canada and renounced to flowthrough share investors. The proposed 2022 Budget proposed to introduce a new 30-percent Critical Mineral Exploration Tax Credit (CMETC) for specified minerals. The specified minerals that would be eligible for the CMETC are: copper, nickel, lithium, cobalt, graphite, rare earth elements, scandium, titanium, gallium, vanadium, tellurium, magnesium, zinc, platinum group metals and uranium. These minerals are used in the production of batteries and permanent magnets, both of which are used in zero-emission vehicles or are necessary in the production and processing of advanced materials, clean technology, or semi-conductors.

Finders' fees may be payable in connection with the private placement.

The proceeds from the sale of the flow-through shares will be expended on the company's projects located in British Columbia.

Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101 is responsible for the contents of this release. E. Kruchkowski is not independent of Decade as he is the president of the Company.

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/229190

FAQ

What is the size of Decade Resources' (DECXF) November 2024 private placement?

Decade Resources announced a private placement to raise up to $910,000 through 18,200,000 flow-through units priced at $0.05 per unit.

What are the terms of Decade Resources' (DECXF) November 2024 flow-through units?

Each flow-through unit consists of one common share and one transferable warrant exercisable at $0.08 per share for a 24-month period.

What tax benefits are available for Decade Resources' (DECXF) flow-through shares?

Investors can benefit from the 15% Mineral Exploration Tax Credit (METC) and the 30% Critical Mineral Exploration Tax Credit (CMETC) for specified minerals.

DECADE RESOURCES LTD

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