Decade Resources Closes Oversubscribed Flow Through Private Placement for Total Gross Proceeds of $308,500 | DECXF Stock News

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Jun 16, 2025
  • Decade Resources (TSXV: DEC) completes oversubscribed flow-through private placement raising $308,500.
  • 8,814,286 flow-through units issued at $0.035 per unit, with warrants exercisable at $0.05 per share for 24 months.
  • Proceeds will fund exploration and critical mineral expenditures in BC's Golden Triangle area.

Decade Resources Ltd. (TSXV: DEC), a Canadian mineral exploration company, has announced the successful completion of an oversubscribed flow-through private placement, generating gross proceeds of $308,500. The company issued 8,814,286 flow-through units at a price of $0.035 per unit. Each unit comprises one flow-through common share and one transferable warrant, which is exercisable at $0.05 per share over 24 months.

The funds raised are earmarked for Canadian exploration expenses and critical mineral mining expenditures on Decade Resources' properties in the Golden Triangle region of British Columbia. This funding is aimed at expediting exploration activities and advancing the development of the company's extensive asset portfolio in this resource-rich area.

In line with this transaction, Decade Resources paid $16,200 in cash as finder's fees and issued 462,857 warrants to the finders, which are also exercisable at $0.05 per share for 24 months. All securities issued are subject to a statutory four-month holding period, concluding on October 14, 2025, following applicable securities laws.

Decade Resources continues to focus on leveraging opportunities within the mineral sector, maintaining its strategic position in one of the world's most promising mining regions. For further details, stakeholders and interested parties are encouraged to visit the company's website or contact their investor relations directly.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.