RE: Hit it
Decade Resources closes $1.2-million placement
2012-07-10 17:26 ET - News Release
Mr. Randolph Kasum reports
DECADE RESOURCES LTD. ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT
Further to the company's earlier news release dated June 1, 2012, Decade Resources Ltd. has received TSX Venture Exchange approval for and closed a private placement of 24 million flow-through units, at a price of five cents per flow-through unit, to raise proceeds of $1.2-million.
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 July 10, 2014, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.
That's two years not not four monthes, and for me it is a bullish signal knowing that all that cheap paper won't be hitting the market for atleast two years. That means once the dumping from that last round of flow through is over, then -- if fidelity and itg play thier cards right, we may see a nice rally.
It's really up to them (fidelity) now to create the market. I'd like to see a nice base form here before any significant moves. we just need good results to keep coming.