Decade Resources Closes Tranche 1 of Flow Through Private Placement for Total Gross Proceeds of $481,000
Decade Resources (TSXV: DEC) has closed tranche 1 of its flow-through private placement, raising $481,000 in gross proceeds. The company issued 9,620,000 flow-through units at $0.05 per unit, each comprising one flow-through common share and one transferable non-flow-through warrant exercisable at $0.08 per share for 24 months. Directors acquired 5 million units for $250,000, considered a related party transaction but exempt from formal valuation and minority shareholder approval requirements. Proceeds will fund Canadian exploration expenses and flow-through critical mineral mining expenditures on the company's BC properties. Securities are subject to a four-month hold period expiring January 11, 2025.
Decade Resources (TSXV: DEC) ha concluso il primo troncone del suo collocamento privato a flusso, raccogliendo $481.000 in proventi lordi. La società ha emesso 9.620.000 unità a flusso a $0,05 per unità, ciascuna composta da una comune azione a flusso e un warrant non trasferibile esercitabile a $0,08 per azione per 24 mesi. I direttori hanno acquisito 5 milioni di unità per $250.000, considerando questa come una transazione con parti correlate ma esente da valutazione formale e approvazione da parte degli azionisti di minoranza. I proventi finanzieranno le spese di esplorazione in Canada e le spese per l'estrazione di minerali critici sui beni della società in BC. I titoli sono soggetti a un periodo di blocco di quattro mesi che scade l'11 gennaio 2025.
Decade Resources (TSXV: DEC) ha cerrado la primera tranche de su colocación privada a través de flujos, recaudando $481,000 en ingresos brutos. La empresa emitió 9,620,000 unidades de flujo a $0.05 por unidad, cada una compuesta por una acción común de flujo y un warrant no transferible ejercitable a $0.08 por acción durante 24 meses. Los directores adquirieron 5 millones de unidades por $250,000, lo que se considera una transacción entre partes relacionadas, pero está exenta de evaluación formal y aprobación de los accionistas minoritarios. Los ingresos financiarán los gastos de exploración en Canadá y los gastos de minería de minerales críticos en las propiedades de la empresa en BC. Los valores están sujetos a un período de bloqueo de cuatro meses que expira el 11 de enero de 2025.
Decade Resources (TSXV: DEC)는 유동성 사모 배치의 첫 번째 할당을 완료하여 총 $481,000의 수익을 올렸습니다. 이 회사는 9,620,000 유동성 단위를 $0.05 단위당으로 발행하였으며, 각 단위는 하나의 유동성 보통주와 $0.08 주당 24개월간 행사 가능한 양도 가능한 비유동성 워런트로 구성되어 있습니다. 이사들은 $250,000에 500만 단위를 취득했습니다, 이는 관련자 거래로 간주되지만 공식 평가 및 소수 주주 승인 요구 사항에서 면제됩니다. 수익은 캐나다 탐사 비용과 회사의 BC 자산에 대한 중요 광물 채굴 비용을 충당하는 데 사용될 것입니다. 증권은 2025년 1월 11일에 만료되는 4개월의 보유 기간이 적용됩니다.
Decade Resources (TSXV: DEC) a clôturé la première tranche de son placement privé avec flux, levant $481,000 de produits bruts. La société a émis 9,620,000 unités à flux à $0.05 par unité, chaque unité comprenant une action ordinaire avec flux et un warrant non transférable exerçable à $0.08 par action pendant 24 mois. Les administrateurs ont acquis 5 millions d'unités pour $250,000, considérée comme une transaction entre parties liées mais exemptée des exigences d'évaluation formelle et d'approbation des actionnaires minoritaires. Les produits serviront à financer les dépenses d'exploration au Canada et les dépenses d'exploitation minière de minéraux critiques sur les propriétés de la société en Colombie-Britannique. Les titres sont soumis à une période de blocage de quatre mois se terminant le 11 janvier 2025.
Decade Resources (TSXV: DEC) hat die erste Tranche seiner Flow-Through-Private-Platzierung abgeschlossen und $481.000 an Bruttoeinnahmen erzielt. Das Unternehmen hat 9.620.000 Flow-Through-Einheiten zu $0,05 pro Einheit ausgegeben, wobei jede Einheit aus einer Flow-Through-Stammaktie und einem übertragbaren Non-Flow-Through-Warrant besteht, der innerhalb von 24 Monaten zu $0,08 pro Aktie ausgeübt werden kann. Die Direktoren erwarben 5 Millionen Einheiten für $250.000, was als Transaktion mit verbundenen Parteien angesehen wird, jedoch von der formellen Bewertung und der Genehmigung durch Minderheitsaktionäre ausgenommen ist. Die Einnahmen werden die Erkundungsausgaben in Kanada und die Betriebskosten für die Förderung kritischer Mineralien im Besitz der Gesellschaft in BC finanzieren. Die Wertpapiere unterliegen einer viermonatigen Haltefrist, die am 11. Januar 2025 endet.
- Raised $481,000 in gross proceeds through flow-through private placement
- Directors showed confidence by acquiring $250,000 worth of units
- Warrants provide potential for additional capital at $0.08 per share
- Potential dilution for existing shareholders due to issuance of 9,620,000 new units
- Related party transaction with directors acquiring a significant portion of the placement
Stewart, British Columbia--(Newsfile Corp. - September 11, 2024) - Decade Resources Ltd. (TSXV: DEC) ("Decade" or the Company) is pleased to announce that it has closed tranche 1 of its previously announced flow through private placement.
A total of 9,620,000 flow-through units were issued on a private placement basis at a price of 5 cents per unit, for aggregate gross proceeds of
Directors of the company acquired 5 million flow-through units for
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 Jan. 11, 2025, in accordance with applicable securities laws.
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/223034
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