DECADE RESOURCES LTD. ("DEC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 20, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on August 14, 2023:
Number of Shares: 10,999,998 flow through shares
1,650,000 non-flow through shares
Purchase Price: $0.24 per flow-through share
$0.20 per non-flow-through share
Warrants: 12,649,998 share purchase warrants to purchase 12,649,998 shares
Warrant Exercise Price: 10,999,998 flow-through warrants and
1,650,000 non-flow-through warrants at $0.32 for two years
Number of Placees: 20 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement:
Aggregate Pro Group Involvement:
2
N/A
1,904,499
N/A
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $ 200,020,00 N/A 832,433
Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.24 for period of two years from the date of issuance.
The Company issued news releases on September 13, 2023, and September 19, 2023, confirming closing of the private placement. 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.
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