Decade Resources Raises C$2.17 Million for BC Exploration

Decade Resources Ltd. raised gross proceeds of C$2,170,000 through a non-brokered flow-through private placement financing completed on Wednesday. The company issued 14,466,668 flow-through units at C$0.15 per unit, with each unit consisting of one flow-through common share and one warrant.

These warrants allow holders to purchase additional common shares at C$0.25 per share for a period of two years. As part of the arrangement, the company paid C$164,000 in cash finder's fees and issued 1,093,332 non-transferable finder's warrants.

Decade Resources intends to allocate the funds toward eligible Canadian exploration expenses for its mineral properties in British Columbia. The company will renounce the qualifying expenditures to subscribers by December 31, 2026. The securities are subject to a statutory hold period that expires on March 7, 2027, and the offering is currently awaiting final acceptance by the TSX Venture Exchange.