STEWART, BRITISH COLUMBIA -- (Marketwire) -- 12/23/11 -- Decade Resources Ltd. (TSX VENTURE: DEC) -
Further to the Company's earlier news release dated November 25, 2011, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed a private placement of 13,500,000 flow-through units, at a price of $0.10 per flow-through unit, to raise proceeds of $1,350,000.
Finders' fees of $79,800 were paid in connection with the private placement.
All of the shares, warrants and any shares issued upon exercise of the warrants comprising the flow-through units are subject to a hold period and may not be traded in Canada until April 24, 2012, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS,
Andrew Bowering, Chief Financial Officer/Director
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.
Decade Resources Ltd.
Chief Financial Officer/Director
(250) 636-2446 (FAX)