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Maxwell A. Munday Announces Changes to His Holdings in Decade Resources Ltd.

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Maxwell A. Munday has acquired 19,000,000 shares and 19,000,000 warrants of Decade Resources (DECXF) through a non-brokered private placement on October 1st, 2024. The purchase was made at 3.5¢ per unit, totaling $665,000. Following this acquisition, Munday now owns or controls:

- 22,500,000 shares (17.56% of Decade's 128,132,690 outstanding shares)
- 31,000,000 warrants (49.40% of Decade's 62,757,813 outstanding warrants)

Munday states that the securities were acquired for investment purposes and may adjust his holdings based on market conditions and other factors. This announcement is in compliance with National Instrument 62-103, and an Early Warning Report has been filed on SEDAR.

Maxwell A. Munday ha acquisito 19.000.000 azioni e 19.000.000 warrant di Decade Resources (DECXF) tramite un collocamento privato non intermedia- to il 1° ottobre 2024. L'acquisto è avvenuto a 3,5¢ per unità, per un totale di $665.000. A seguito di questa acquisizione, Munday possiede o controlla:

- 22.500.000 azioni (17,56% delle 128.132.690 azioni in circolazione di Decade)
- 31.000.000 warrant (49,40% dei 62.757.813 warrant in circolazione di Decade)

Munday afferma che i titoli sono stati acquisiti per scopi di investimento e potrebbe modificare le sue partecipazioni in base alle condizioni di mercato e ad altri fattori. Questo annuncio è conforme al National Instrument 62-103, e un Early Warning Report è stato depositato su SEDAR.

Maxwell A. Munday ha adquirido 19.000.000 acciones y 19.000.000 warrants de Decade Resources (DECXF) a través de una colocación privada no intermediada el 1 de octubre de 2024. La compra se realizó a 3,5¢ por unidad, totalizando $665.000. Tras esta adquisición, Munday ahora posee o controla:

- 22.500.000 acciones (17,56% de las 128.132.690 acciones en circulación de Decade)
- 31.000.000 warrants (49,40% de los 62.757.813 warrants en circulación de Decade)

Munday afirma que los valores se adquirieron con fines de inversión y puede ajustar sus participaciones en función de las condiciones del mercado y otros factores. Este anuncio está en cumplimiento con el National Instrument 62-103, y se ha presentado un Early Warning Report en SEDAR.

맥스웰 A. 먼디는 2024년 10월 1일 비중개 개인 배치를 통해 Decade Resources(DECXF)의 19,000,000주 및 19,000,000 워런트를 인수했습니다. 구매가는 단위당 3.5¢로, 총 $665,000에 달합니다. 이번 인수 이후, 먼디는 다음과 같이 소유하거나 통제하고 있습니다:

- 22,500,000주 (Decade의 128,132,690주 중 17.56%)
- 31,000,000 워런트 (Decade의 62,757,813건 중 49.40%)

먼디는 이 증권이 투자 목적으로 인수되었으며 시장 상황 및 기타 요소에 따라 보유량을 조정할 수 있다고 밝혔습니다. 이 발표는 National Instrument 62-103에 따라 이루어졌으며, SEDAR에 조기 경고 보고서가 제출되었습니다.

Maxwell A. Munday a acquis 19.000.000 actions et 19.000.000 bons de souscription de Decade Resources (DECXF) par le biais d'un placement privé sans intermédiaire le 1er octobre 2024. L'achat a été effectué à 3,5¢ par unité, soit un montant total de 665 000 $. Suite à cette acquisition, Munday possède ou contrôle :

- 22.500.000 actions (17,56 % des 128.132.690 actions en circulation de Decade)
- 31.000.000 bons de souscription (49,40 % des 62.757.813 bons de souscription en circulation de Decade)

Munday indique que les titres ont été acquis à des fins d'investissement et qu'il pourrait ajuster ses participations en fonction des conditions du marché et d'autres facteurs. Cette annonce est conforme au National Instrument 62-103 et un rapport de mise en garde anticipée a été déposé sur SEDAR.

Maxwell A. Munday hat am 1. Oktober 2024 19.000.000 Aktien und 19.000.000 Bezugsrechte von Decade Resources (DECXF) über eine nicht vermittelte Privatplatzierung erworben. Der Kaufpreis betrug 3,5¢ pro Einheit, insgesamt $665.000. Nach dieser Akquisition besitzt oder kontrolliert Munday:

- 22.500.000 Aktien (17,56% der 128.132.690 ausstehenden Aktien von Decade)
- 31.000.000 Bezugsrechte (49,40% der 62.757.813 ausstehenden Bezugsrechte von Decade)

Munday erklärt, dass die Wertpapiere zu Investitionszwecken erworben wurden und er seine Bestände je nach Marktbedingungen und anderen Faktoren anpassen könnte. Diese Mitteilung erfolgt in Übereinstimmung mit dem National Instrument 62-103, und ein Frühwarnbericht wurde bei SEDAR eingereicht.

Positive
  • Significant investment of $665,000 in Decade Resources
  • Munday now owns 17.56% of Decade's outstanding shares
  • Munday controls 49.40% of Decade's outstanding warrants
Negative
  • Potential for significant shareholder dilution due to large warrant position

New Westminster, British Columbia--(Newsfile Corp. - October 2, 2024) - On October 1st, 2024, Maxwell A. Munday ("Munday") acquired ownership or control or direction of 19,000,000 shares and 19,000,000 warrants of Decade Resources Ltd. ("Decade") via a non-brokered private placement, at 3.5¢ per unit, for a total purchase price of $665,000.

Munday now owns or controls or directs 22,500,000 shares, representing 17.56% of Decade's 128,132,690 now issued and outstanding shares.

Munday now owns or controls or directs 31,000,000 warrants, representing 49.40% of Decade's 62,757,813 now issued and outstanding warrants.

The shares and warrants were acquired for investment purposes. Munday may increase or decrease his ownership or control or direction of the Issuer's securities depending on market conditions, investment performance, reformulation of plans, and other relevant factors.

This news release is being issued as required by National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. The Early Warning Report respecting this acquisition has been filed on the System for Electronic Document Analysis and Review ("SEDAR") under the company profile of Decade Resources Ltd.

For further information, please contact: 

Maxwell A. Munday

Suite 450 - 555 Sixth St.
New Westminster, BC
V3L 5H1
604-430-5624

/s/ "Maxwell A. Munday"
Maxwell A. Munday

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225371

FAQ

How many shares and warrants of Decade Resources (DECXF) did Maxwell A. Munday acquire on October 1st, 2024?

Maxwell A. Munday acquired 19,000,000 shares and 19,000,000 warrants of Decade Resources (DECXF) on October 1st, 2024.

What percentage of Decade Resources (DECXF) outstanding shares does Maxwell A. Munday now own?

Maxwell A. Munday now owns 17.56% of Decade Resources (DECXF) outstanding shares, which amounts to 22,500,000 shares.

What was the price per unit in Maxwell A. Munday's private placement in Decade Resources (DECXF)?

The price per unit in Maxwell A. Munday's private placement in Decade Resources (DECXF) was 3.5 cents.

What percentage of Decade Resources (DECXF) outstanding warrants does Maxwell A. Munday now control?

Maxwell A. Munday now controls 49.40% of Decade Resources (DECXF) outstanding warrants, which amounts to 31,000,000 warrants.

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