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Decade Resources Ltd. Announces Closing of Private Placement Financing
Newsfile· 2025-10-09 20:31
Core Points - Decade Resources Ltd. has successfully closed a flow-through private placement, raising a total of $815,500.05 through the issuance of 27,183,335 flow-through units at a price of 3 cents per unit [1][2] - Each flow-through unit consists of one flow-through common share and one transferable non-flow-through common share purchase warrant, with the warrants exercisable at 5 cents per share for a period of 24 months [2] - The proceeds from this private placement will be allocated to Canadian exploration expenses and critical mineral mining expenditures on the company's properties in British Columbia [3] Financial Details - The total gross proceeds from the private placement amount to $815,500.05, with each unit priced at 3 cents [2] - The company paid cash finders' fees totaling $25,880 and issued 862,666 warrants to finders, also exercisable at 5 cents for a 24-month period [4] Company Overview - Decade Resources Ltd. is a Canadian mineral exploration company focused on opportunities in the resource sector, holding various properties at different stages of development in the "Golden Triangle" area of northern British Columbia [5]
Diversified Energy PLC - Transaction in Own Shares
Globenewswire· 2025-10-03 06:00
Core Viewpoint - Diversified Energy Company PLC has executed a share buyback program, purchasing 145,775 ordinary shares at a volume-weighted average price of $13.8494 per share, with plans to cancel these shares, thereby reducing the total number of shares outstanding to 76,976,045 [1][2]. Group 1: Share Buyback Details - The share buyback was conducted on October 2, 2025, with the lowest price paid per share being $13.715 and the highest price at $14.00 [2]. - The total number of ordinary shares purchased was 145,775, and the volume-weighted average price paid per share was $13.8494 [2][4]. - Following the cancellation of the shares, the company will have no ordinary shares held in treasury, and the new total of shares outstanding will be 76,976,045 [2]. Group 2: Trading Information - The shares were acquired through Mizuho Securities USA LLC, with detailed trading information provided for each transaction [3][4]. - The trading venues included ARCX, ASPN, BAML, BATS, and others, with varying daily volume-weighted average prices and price ranges [4][5]. - The aggregate number of shares acquired on the trading day was 145,775, with a consistent average price around $13.8494 across different venues [5]. Group 3: Company Overview - Diversified Energy Company PLC is focused on natural gas and liquids production, transport, marketing, and well retirement, emphasizing sustainability and operational performance [7]. - The company aims to responsibly produce energy while generating reliable free cash flow and shareholder value through a differentiated strategy of acquiring and investing in long-life assets [7].
Diversified Energy to move main listing to the US as UK takes backseat
Reuters· 2025-10-01 06:54
Core Viewpoint - Diversified Energy announced its decision to move its primary listing to the New York Stock Exchange, reflecting a trend among companies prioritizing U.S. listings over those in the UK [1] Group 1 - The company is the latest to shift its focus to the U.S. market, indicating a broader industry trend [1] - This move aligns with a growing preference among businesses to list in the United States, which may offer better market conditions and investor access [1]
Diversified Energy Announces Proposed Move of Primary Listing to the New York Stock Exchange
Globenewswire· 2025-10-01 06:00
Core Viewpoint - Diversified Energy Company PLC plans to move its primary listing to the New York Stock Exchange (NYSE) while maintaining a secondary listing on the London Stock Exchange (LSE) to enhance trading liquidity and visibility with investors, and to provide strategic capital markets benefits for growth [1][4]. Group 1: Listing Strategy - The decision to move to the NYSE is based on the evaluation of the optimal public company listing venue in alignment with the company's business strategy [4]. - The company will retain a secondary listing on the LSE to facilitate trading liquidity for its non-US shareholder base [6]. Group 2: Business Operations - The company is primarily a US business, with all operating profit derived from US operations, and its executive management and operational headquarters are also based in the US [2]. - As of June 30, 2025, over 65% of the company's outstanding shares were held by US resident investors [3]. Group 3: Shareholder Approval Process - The move will require a formal vote by shareholders at a general meeting, needing approval from a majority in number of registered shareholders voting in person or by proxy, representing 75% in value of the shares voted [5]. - A shareholder circular detailing the proposals is expected to be published soon, with the general meeting anticipated to occur in the coming weeks [5]. Group 4: Expected Benefits - The proposed move is expected to increase overall liquidity in the company's shares by accessing deeper US capital markets [6]. - The primary US listing is anticipated to enhance exposure to US investors and provide access to passive investment pools of capital [6]. - The company aims to optimize its positioning for inclusion in premier US equity indices and Exchange Traded Funds [6].
Diversified Energy Announces Proposed Move of Primary Listing to the New York Stock Exchange
Globenewswire· 2025-09-30 20:15
Core Viewpoint - Diversified Energy Company PLC plans to move its primary listing to the New York Stock Exchange while retaining a secondary listing on the London Stock Exchange, aiming to enhance trading liquidity and visibility with investors, and to provide strategic capital markets benefits for growth [1][4]. Group 1: Listing Strategy - The company is primarily a US business, with all operating profit derived from US operations, and intends to align its primary listing with its business strategy [2][4]. - As of June 30, 2025, over 65% of the company's outstanding shares were held by US resident investors, indicating a strong US investor base [3]. - The move to a US primary listing is expected to be formalized through a UK scheme of arrangement, requiring shareholder approval at a general meeting [5]. Group 2: Benefits of the Move - The change is anticipated to increase overall liquidity in the company's shares by accessing deeper US capital markets [7]. - A primary US listing is expected to enhance exposure to US investors and provide access to passive investment pools of capital [7]. - The company aims to optimize its positioning for inclusion in premier US equity indices and Exchange Traded Funds while retaining a secondary listing on the LSE to facilitate trading liquidity for non-US shareholders [7]. Group 3: Operational Context - The executive management team and operational headquarters are based in the US, with all employees and assets located in the US, reinforcing the rationale for the primary listing shift [2][4]. - The company focuses on natural gas and liquids production, marketing, and well retirement, with a strategy centered on acquiring and improving long-life assets [8].
TR-1: Standard form for notification of major holdings
Globenewswire· 2025-09-25 20:15
Core Points - The notification indicates that EIG Asset Management LLC has crossed a voting rights threshold in Diversified Energy PLC, reducing its holdings from 14,330,718 shares (18.50%) to 9,601,585 shares (12.40%) as of September 18, 2025 [1][4]. Group 1 - The issuer of the shares is Diversified Energy PLC, which is identified as a non-UK issuer [1]. - EIG Asset Management LLC, based in Washington D.C., U.S.A., is the entity subject to the notification obligation [1]. - The total number of voting rights held by EIG Asset Management LLC is now 9,601,585, representing 12.40% of the total voting rights [1][4]. Group 2 - The previous notification indicated a higher holding of 14,330,718 shares, which represented 18.50% of the voting rights [1]. - The total issued share capital of Diversified Energy PLC is reported to be 77,434,079 shares as of September 23, 2025 [4].
End of Stabilisation Notice
Globenewswire· 2025-09-19 05:55
Group 1 - Diversified Energy Company PLC has announced the end of the stabilization period for its securities offering [2][3] - The offering size includes 5,713,353 ordinary shares, with a total of 6,570,355 ordinary shares when including the over-allotment option [3] - The offer price for the ordinary shares is set at US$13.75 [3] Group 2 - Mizuho Securities USA LLC acted as the stabilizing manager for the offering and confirmed that no stabilization activities were undertaken [2] - The over-allotment option for 857,002 ordinary shares, representing 15% of the total offering, was exercised [2]
Diversified Energy Company: Another Bolt-On Acquisition To Drive Growth
Seeking Alpha· 2025-09-18 12:15
Group 1 - Diversified Energy Company (NYSE: DEC) announced a secondary offering of 5.7 million shares at an offering price of $13.75 per share, aiming to raise $78.6 million [1] - Prior to the announcement, shares were trading above $15 per share, indicating a significant selling pressure following the news [1] Group 2 - The investment analysis is conducted by Michael Del Monte, a buy-side equity analyst with over 5 years of industry experience, who has a background in various sectors including Oil & Gas, Midstream, and Information Technology [1]
Decade Resources Reports Expanded Exploration at the North Mitchell Property, Golden Triangle, BC
Newsfile· 2025-09-18 12:00
Core Viewpoint - Decade Resources Ltd. is expanding its exploration efforts at the North Mitchell Property in British Columbia due to positive results from a recent reconnaissance program, indicating potential for significant mineralization in the area [1][10]. Exploration Details - The 2025 field program will include detailed sampling of gossanous base metal-bearing outcrops to determine the width, strike length, and gold-silver tenor of the mineralization [7]. - The North Mitchell Property is located near several significant deposits, including KSM's Iron Cap and Snowfield deposits, which have combined resources of 36.1 million ounces and 34.9 million ounces of gold, respectively [5]. Geological Context - The property is underlain by Hazelton Group volcanic and intrusive rocks, with structures interpreted as splays of the Brucejack Fault, suggesting the potential for an epithermal Au-Ag system with a porphyry source [9]. Resource Estimates - The combined number of reported gold ounces within eight deposits around the North Mitchell Property is estimated at 201.67 million ounces, excluding significant amounts of silver and copper [2].
Decade Resources Closes Private Placement for Total Gross Proceeds of $255,000
Newsfile· 2025-09-17 20:31
Group 1 - Decade Resources Ltd. has successfully closed a private placement, raising total gross proceeds of $255,000 [1][2] - A total of 8,500,000 units were issued at a price of 3 cents per unit, with each unit consisting of one common share and one transferable common share purchase warrant [2] - The warrants are exercisable for the purchase of one additional common share at a price of $0.05 per share for a period of 5 years [2] Group 2 - The majority of the proceeds from the private placement will be allocated for general working capital purposes, with more than 10% potentially directed towards exploration on BC Properties [3] - None of the proceeds will be used for payments to non-arm's-length parties, except for normal compensation of officers, directors, employees, and consultants [3] Group 3 - All issued securities are subject to a statutory hold period of four months, expiring on January 17, 2026 [4] - The company paid a cash finder's fee of $20,400 and issued 680,000 warrants with a 2-year term at $0.05 to a finder for introducing subscribers to the private placement [4]