News release from TSX Good news is that insiders are listed as taking 7 million of the shares.
Source MARKET NEWS
Date 07/05/2012
Time 01:54:35 PM
Company Decade Resources Ltd.
CDNX Symbol: DEC
Private Placement Non Brokered --->@NEWS RELEASE
DECADE RESOURCES LTD. ("DEC")
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced June 1, 2012:
Number of Shares: 24,000,000 flow through shares
Purchase Price:
.05 per share
Warrants: 24,000,000 share purchase warrants to purchase 24,000,000
non-flow through shares
Warrant Exercise Price:
.10 for a two year period
Number of Placees: 18 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
K-6 Consulting Group Ltd.
(Edward Kruchkowski) Y 2,550,000
Randolph Kasum Y 2,500,000
Steve Robinson P 2,000,000
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must
issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly.
Note that in certain circumstances the Exchange may later extend the expiry
date of the warrants, if they are less than the maximum permitted term.