Decade Resources Closes Flow Through Private Placement for Total Gross Proceeds of $945,000
Decade Resources (TSXV: DEC) has completed its flow-through private placement, raising gross proceeds of $945,000. The company issued 18,900,000 flow-through units at $0.05 per unit. Each unit includes one flow-through common share and one transferable warrant exercisable at $0.08 per share for 24 months.
The proceeds will be used for Canadian exploration expenses and flow-through critical mineral mining expenditures on the company's BC properties. The company paid $64,400 in finder's fees and issued 1,288,000 warrants at $0.08 to finders. All securities have a four-month hold period expiring April 4, 2025.
Decade Resources (TSXV: DEC) ha completato un collocamento privato a flusso, raccogliendo proventi lordi di $945,000. La società ha emesso 18,900,000 unità a flusso a $0.05 per unità. Ogni unità comprende una azione comune a flusso e un warrant trasferibile esercitabile a $0.08 per azione per 24 mesi.
I proventi saranno utilizzati per spese di esplorazione in Canada e spese minerarie per minerali critici a flusso sui beni della società in BC. L'azienda ha pagato $64,400 in commissioni di intermediazione e ha emesso 1,288,000 warrant a $0.08 agli intermediari. Tutti gli strumenti finanziari hanno un periodo di blocco di quattro mesi che scade il 4 aprile 2025.
Decade Resources (TSXV: DEC) ha completado una colocación privada de flujo, recaudando ingresos brutos de $945,000. La empresa emitió 18,900,000 unidades de flujo a $0.05 por unidad. Cada unidad incluye una acción común de flujo y un warrant transferible que se puede ejercer a $0.08 por acción durante 24 meses.
Los ingresos se utilizarán para gastos de exploración en Canadá y gastos mineros críticos de flujo en las propiedades de la empresa en BC. La compañía pagó $64,400 en honorarios de intermediación y emitió 1,288,000 warrants a $0.08 para los intermediarios. Todos los valores tienen un período de retención de cuatro meses que expira el 4 de abril de 2025.
Decade Resources (TSXV: DEC)은 유상증자(Flow-Through Private Placement)를 완료하여 총 $945,000을 모금했습니다. 이 회사는 18,900,000개의 유상증자 단위를 $0.05에 발행했습니다. 각 단위에는 하나의 유상증자 보통주와 24개월 동안 주당 $0.08에 행사할 수 있는 양도 가능한 워런트가 포함됩니다.
모금된 자금은 캐나다 탐사 비용 및 BC 지역 내 회사 자산의 핵심 광물 채굴 비용에 사용될 것입니다. 회사는 중개 수수료로 $64,400을 지급했으며, 중개인에게 $0.08의 가격으로 1,288,000개의 워런트를 발행했습니다. 모든 증권은 2025년 4월 4일에 만료되는 4개월의 보유 기간이 있습니다.
Decade Resources (TSXV: DEC) a complété un placement privé à flux, levant des produits bruts s'élevant à $945,000. La société a émis 18,900,000 unités à flux au prix de $0.05 par unité. Chaque unité comprend une action ordinaire à flux et un bon de souscription transférable exerçable à $0.08 par action pendant 24 mois.
Les produits seront utilisés pour des dépenses d'exploration au Canada et des dépenses minières critiques à flux concernant les propriétés de la société en Colombie-Britannique. La société a payé $64,400 en frais d'intermédiation et a émis 1,288,000 bons de souscription au prix de $0.08 aux intermédiaires. Tous les titres ont une période de blocage de quatre mois qui expire le 4 avril 2025.
Decade Resources (TSXV: DEC) hat eine Privatplatzierung mit Flow-Through abgeschlossen und dabei einen Bruttoerlös von $945,000 erzielt. Das Unternehmen hat 18.900.000 Flow-Through-Einheiten zu je $0.05 ausgegeben. Jede Einheit umfasst eine Flow-Through-Stammaktie und eine übertragbare Option, die für 24 Monate zu einem Preis von $0.08 pro Aktie ausgeübt werden kann.
Die Erlöse werden für kanadische Explorationsausgaben und fließende kritische Mineralbergbauausgaben auf den BC-Assets des Unternehmens verwendet. Das Unternehmen zahlte $64,400 an Vermittlungsgebühren und gab 1.288.000 Optionen zu $0.08 an die Vermittler aus. Alle Wertpapiere unterliegen einer Haltefrist von vier Monaten, die am 4. April 2025 endet.
- Successfully raised $945,000 through private placement
- Warrants provide potential for additional future funding at $0.08 per share
- Share dilution through issuance of 18,900,000 new units
- Additional dilution potential from 20,188,000 warrants if exercised
- Incurred $64,400 in finder's fees
Stewart, British Columbia--(Newsfile Corp. - December 5, 2024) - 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 18,900,000 flow-through units were issued on a private placement basis at a price of 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 April 4, 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/232658
FAQ
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