Workflow
Decade Resources Ltd. Announces Closing of Private Placement Financing

Core Points - Decade Resources Ltd. has successfully closed a flow-through private placement, raising a total of $815,500.05 through the issuance of 27,183,335 flow-through units at a price of 3 cents per unit [1][2] - Each flow-through unit consists of one flow-through common share and one transferable non-flow-through common share purchase warrant, with the warrants exercisable at 5 cents per share for a period of 24 months [2] - The proceeds from this private placement will be allocated to Canadian exploration expenses and critical mineral mining expenditures on the company's properties in British Columbia [3] Financial Details - The total gross proceeds from the private placement amount to $815,500.05, with each unit priced at 3 cents [2] - The company paid cash finders' fees totaling $25,880 and issued 862,666 warrants to finders, also exercisable at 5 cents for a 24-month period [4] Company Overview - Decade Resources Ltd. is a Canadian mineral exploration company focused on opportunities in the resource sector, holding various properties at different stages of development in the "Golden Triangle" area of northern British Columbia [5]