Breaking News Bar

Business News and Information

Decade Resources Ltd.: Private Placement to Raise up to $2,000,000

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/25/11 -- Decade Resources Ltd. (TSX VENTURE: DEC) -

The Company is pleased to announce it is using its best efforts to complete a flow-through private placement to raise proceeds of up to $2,000,000. The offering will be comprised of 20,000,000 flow-through units, at a price of $0.10 per unit. The units will be comprised of one flow-through common share and one-half of one transferable, non-flow-through warrant, each whole warrant being exercisable for the purchase of one additional share, at a price of $0.15 per share, for a two year period.

Proceeds of the offerings will be expended on mineral exploration on the Company's properties located in British Columbia.

Finders' fees are payable on part of the offerings in accordance with TSX Venture Exchange policy.

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. Its properties and projects are primarily in Northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca.

ON BEHALF OF THE BOARD

Ed Kruchkowski, President

"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."

"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."

Contacts:
Decade Resources Ltd.
Investor Relations
604-681-0710
investor@decaderesources.ca
www.decaderesources.ca

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
bottom clear