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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 frenchfry1on Aug 19, 2016 5:35pm
167 Views
Post# 25159998

mtb financing

mtb financingmtb announced today they want to do a $500,000 pp to cover their 35% of the costs with the red cliff deposit, I guess when this closes they'll start drilling since dec already raised money to cover their 65% of the costs of red cliff, from june29 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.
Bullboard Posts