Business
Decade Announces Agreement to Sell Interests in Red Cliff and Premier East Properties to Mabel Ventures Inc.
Stewart, British Columbia--(Newsfile Corp. - August 6, 2025) - Decade Resources Ltd. (TSXV: DEC) ("Decade" or the "Company") is pleased to announce that it has entered into a definitive purchase agreement (the "Purchase Agreement") dated August 4, 2025, with Mabel Ventures Inc. (CSE: MBL) ("Mabel"), an arm's length public company. Under the terms of the agreement, Decade has agreed to sell a 65% interest in the Red Cliff Property and a 100% interest in ...
About this update from Mabel Ventures Inc
[{"type":"text","content":"Stewart, British Columbia--(Newsfile Corp. - August 6, 2025) - Decade Resources Ltd. (TSXV: DEC) ("Decade" or the "Company") is pleased to announce that it has entered into a definitive purchase agreement (the "Purchase Agreement") dated August 4, 2025, with Mabel Ventures Inc. (CSE: MBL) ("Mabel"), an arm's length public company. Under the terms of the agreement, Decade has agreed to sell a 65% interest in the Red Cliff Property and a 100% interest in the Premier East Property, both located in the Skeena Mining Division of British Columbia (the "Transaction").","length":621,"tagName":"p"},{"type":"text","content":"Transaction Summary","length":19,"tagName":"p"},{"type":"text","content":"Under the terms of the Purchase Agreement, Mabel Ventures Inc. will:","length":68,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Pay Decade $600,000 in cash as consideration for the acquisition of Decade's 65% interest in the Red Cliff Property and 100% of the Premier East Property.","length":158,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Reimburse Decade for its share of previously advanced funds related to a reclamation bond for permitting at Red Cliff.","length":118,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":276,"olType":false},{"type":"text","content":"Conditions to Closing","length":21,"tagName":"p"},{"type":"text","content":"Completion of the Transaction remains subject to customary conditions, including:","length":81,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Receipt of all required regulatory approvals and consents","length":57,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Mabel Ventures completing a financing of no less than $1,000,000","length":64,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Delivery of standard closing documentation","length":42,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":163,"olType":false},{"type":"text","content":"Strategic Rationale","length":19,"tagName":"p"},{"type":"text","content":"This sale provides Decade with non-dilutive funding to advance its other exploration assets. The transaction aligns with Decade's strategy to unlock value from its extensive portfolio of exploratio...