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Decade Resources Ltd V.DEC

Alternate Symbol(s):  DECXF

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.


TSXV:DEC - Post by User

Bullboard Posts
Post by Bigpaulbunyonon Feb 23, 2012 6:24pm
232 Views
Post# 19576401

Look like DEC will get 80%

Look like DEC will get 80%

I found this on sedar

On September 3, 2009, the Company announced that pursuant to a second agreement, a public company with directors in common with the Company, has granted the Company the right to earn an additional 20% in the Red Cliff property, increasing the Company’s interest to up to 80% in the Red Cliff property. In order to earn the additional 20% interest, the Company will issue 250,000 common shares on signing of the second agreement, spend $3,000,000 in the two years subsequent to its 60% earn-in, pay $100,000 within 6 months of signing the second agreement and pay $500,000 upon earn-in of the 80% interest. The second agreement is subject to filing and regulatory approval.

To

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