Gold Bull Resources

Decade Resources Announces $1.2 Million Over Subscribed Private Placement; Eric Sprott to Purchase 10 Million Units

Stewart, British Columbia--(Newsfile Corp. - July 6, 2020) - Decade Resources Ltd. (TSXV: DEC) has arranged, subject to approval from the TSX Venture Exchange, a non-brokered private placement of up to 24 million units for gross proceeds of up to $1.2-million. The offering will comprise 24 million flow-through units, at a price of five cents per flow-through unit. Each flowthrough unit will be comprised of one flow-through common share and one transferable non-flow-through common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.08 per share, for a two year period.

Mr. Eric Sprott has agreed to invest $500,000 in the private placement, for the acquisition of 10 million units.

Ed Kruchkowski, president of Decade, commented: "We are very pleased to welcome Mr. Sprott as a key shareholder in our company. His investment is a strong endorsement of our exploration efforts in testing the gold-silver potential of the Del Norte property optioned from Teuton Resources Corp.."

The proceeds of the private placement will be used for an exploration program at the Del Norte gold-silver project. Finders' fees may be paid on the offering pursuant to the policies of the TSX Venture Exchange. All securities issued will be subject to a four-month hold period, which will expire on the date that is four months and one day from the date of issue.

The Del Norte property was optioned from Teuton Resource Corp. in January of 2020 with terms allowing the Company to earn up to a 55% interest in the property by spending $4 million over a five year period. The Company can an earn an additional

Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101 is responsible for the contents of this release. E. Kruchkowski is not independent of Decade as he is the president of the Company.

Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource sector. Decade holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are all located in the "Golden Triangle" area of northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca which is presently being updated. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.

ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.

"Ed Kruchkowski"
Ed Kruchkowski, President

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

GET DAILY NEWS FLOW

Sign Up To Receive All Morning
News To Your Email Inbox

Please review our Disclaimer and Privacy Policy before subscribing.

Decade Resources

Last Trade: C$0.065
Daily Change: 0.01 18.18
Daily Volume: 348,483
Market Cap: C$14.140M
Decade Resources Reports Check Assaying Indicates 1078 g/t Ag eq on Del Norte Project Drilling
Decade Resources Reports Extension to the Kosciuszko Zone in 2020 Drilling
Decade Resources Announces High Silver Values Indicated in Surface Sampling on Del Norte Property
Decade Resources Announces Del Norte Exploration Update and Surface Sample Results
Decade's First Drillhole into Del Norte-Lord Nelson Boundary Area Intersects 10 Metres; Mineralized with Chalcopyrite and Visible Gold
Decade Resources Announces High Gold Assays up to 475 g/t Indicated in Lord Nelson Exploration and Further Delineation of the Silver-Gold Zones in the Del Norte Drilling
Decade Resources Announces Closing of Non-Brokered Private Placement of Flow-Through and Non Flow-Through Units
Decade Resources Announces Non-Brokered Private Placement of Flow-Through Units
Decade Resources Reports 2190 g/t Silver and 11.2 g/t Gold in Grab Sampling on Newly Discovered Eagle's Nest Zone
Decade Resources Identifies Wide Deformation Zone Hosting Multiple Mineralized Sections in Drilling on the Del Norte Project
Decade Resources Options Property Adjacent to the Del Norte Project in the Golden Triangle Area
Decade Resources Receives Drill Permits and Drilling Starts on Del Norte Project

REVIVAL GOLD (TSX.V: RVG)

Revival Gold

Revival Gold is a growth-focused gold exploration and development company. The Company has the right to acquire a 100% interest in the past producing Beartrack gold project located in Lemhi County, Idaho. Beartrack-Arnett is the largest... LEARN MORE