Decade Resources Ltd V.DEC

Alternate Symbol(s): DECXF

Metals & Mining Industrial Metals & Minerals

Decade Resources Ltd. is a Canadian based mineral exploration company seeking opportunities in the resource sector. The Company holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are all located in the Golden Triangle area of northern British Columbia. Its projects include Grassy, Premier East, Red Cliff, Lord Nelson, Del Norte and Terrace. The Terrace project includes Terrace Gold, Kleanza, Dardanelle, Treasure Mountain and Nobody Knows. The Company owns 100% of Goat property. The Copper River Valley properties are comprised of three main claim blocks; Terrace Gold-Darranelle-Treasure Mountain group of claims located in northern British Columbia. The property consists of 52 contiguous mineral claims. The Grassy property contains approximately 830.20 hectares in two separate claims which are owned 100% by the Company. The Red Cliff project consists of approximately eight mineral claims.

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Decade Resources Ltd

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Post by martin81on Oct 17, 2011 12:11pm

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Post# 19155977

MTB interest dilution

Any comments on this paragraph? Anyone have any idea what this formula states? A 80% Decade - 20% MTB interest would be great.

"The Red Cliff project is operated by Decade under a 60-40 joint venture agreement with Mountain Boy Minerals Ltd. The company was recently informed by Mountain Boy that it will not be financing its share of exploration expenditures and therefore will have its interest diluted under the formula set out in the joint venture agreement. "

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