By Devika Patel
Knoxville, Tenn., March 24 - Decade Resources Ltd. announced it plans a C$2 million private placement of units.
The company will sell 8 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 million
|
| Units: | 8 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
|
| Stock symbol: | TSX Venture: DEC
|
| Stock price: | C$0.23 at close March 23
|
| Market capitalization: | C$5.84 million
|
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