DECADE CLOSES PRIVATE PLACEMENT Mr. Randolph Kasum reports
DECADE CLOSES PRIVATE PLACEMENT
Decade Resources Ltd. has received TSX Venture Exchange approval for and closed its previously announced non-brokered private placement of 8,571,428 flow-through units, at a price of seven cents per flow-through unit, to raise proceeds of $600,000. Each flow-through unit consists of one flow-through common share and one warrant to purchase an additional common share, at 10 cents per share, until June 28, 2018. No finders' fees or commissions were paid in connection with the private placement.
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 until Oct. 29, 2016, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.
The proceeds from the private placement will be expended on the company's Red Cliff property and other properties located in British Columbia.
© 2016 Canjex Publishing Ltd.
Everything but new assays and drilling program to announce.Oh forgot MTG PP..
Not saying to buy or sell .
GLTA.Ron