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.

TSXV:DEC - Post by User

Decade Resources Ltd

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Comment by Gekkoinon Oct 22, 2015 2:18pm

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Post# 24217388

RE:RE:MD&A's reveal a lot of debt... looks scary...

Gekkoin wrote:

Gekkoin wrote:
Decade Resources Ltd. - Management Discussion and Analysis
For the three months ended July 31, 2015

LIQUIDITY AND CAPITAL RESOURCES

At July 31, 2015, the Company had a working capital deficiency of $1,044,706. To date, the Company has been able to fund administrative overheads and property exploration and evaluation through equity financings. The continued uncertainty in the financial equity markets may make it difficult to raise capital through the private placement of shares. The junior mining industry is considered speculative in nature which could make it even more difficult to fund. While the Company is using its best efforts to achieve its business plans by examining various financing alternatives, there is no assurance that the Company will be successful with its financing ventures