By Devika Patel
Knoxville, Tenn., April 1 - Decade Resources Ltd. announced it increased a private placement of units to C$2.25 million from C$2 million. The deal priced March 24.
The company will now sell 9 million units at C$0.25 apiece. The units consist of one flow-through common share and one half-share warrant. Each whole one-year warrant will be exercisable at C$0.35.
Proceeds will be used for exploration.
The mineral explorer is based in Vancouver, B.C.
| Issuer: | Decade Resources Ltd.
|
| Issue: | Units of one flow-through common share and a half-share warrant
|
| Amount: | C$2.25 million
|
| Units: | 9 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.35
|
| Pricing date: | March 24
|
| Upsized: | April 1
|
| Stock symbol: | TSX Venture: DEC
|
| Stock price: | C$0.23 at close March 23
|
| Market capitalization: | C$6.31 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
