Core Points - Decade Resources Ltd. has successfully closed a flow-through private placement, raising total gross proceeds of $945,000 [2][3] - The private placement involved the issuance of 18,900,000 flow-through units at a price of 5 cents per unit, each unit consisting of one flow-through common share and one transferable non-flow-through common share purchase warrant [3] - The proceeds will be allocated to Canadian exploration expenses and critical mineral mining expenditures on the company's properties in British Columbia [4] Financial Details - The total gross proceeds from the private placement amount to $945,000 [3] - The company paid cash finder's fees totaling $64,400 and issued 1,288,000 warrants at a price of $0.08 to the finders, with the warrants being exercisable for a 24-month period [5] - Each warrant allows for the purchase of one additional common share at a price of $0.08 per share [3][5] Regulatory Information - All issued securities are subject to a statutory hold period of four months, expiring on April 4, 2025, in accordance with applicable securities laws [4]
Decade Resources Closes Flow Through Private Placement for Total Gross Proceeds of $945,000