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Decisive Dividend Corporation Announces Second and Final Closing of Public Offering

Tickers: XTSX:DE, XTSX:DE.P
Tags: Finance

July 19, 2018 / TheNewswire / Kelowna, British Columbia: Decisive Dividend Corporation (TSX-V: DE) ("Decisive" or the "Corporation"), a growth-oriented acquisition company, is pleased to announced that today it has completed the second and final closing of its previously announced best efforts public offering (the "Offering") of common shares through its agent, Industrial Alliance Securities Inc. (the "Agent") pursuant to which the Corporation issued and sold 539,355 common shares (inclusive of all 487,500 common shares entitled to be sold pursuant to the exercise in full of the Agent's over-allotment option) at a price of $4.00 per share for aggregate gross proceeds of $2,157,420.

The Corporation paid to the Agent aggregate commissions of $148,020 and issued an aggregate of 37,005 broker warrants to the Agent and other selling group members as directed by the Agent upon the second closing date. Each broker warrant issued today entitles the holder thereof to purchase one common share of the Corporation at a price of $4.00 per share at any time within 18 months from the second closing date.

The net proceeds of the second closing of the Offering will be used for working capital and general corporate purposes.

Combined with the first closing of the Offering which occurred on June 28, 2018, the Corporation issued and sold an aggregate of 3,737,500 common shares at a price of $4.00 per share for aggregate gross proceeds of $14,950,000.

James Paterson, Chief Executive Officer of the Corporation said: "We are very pleased that there was substantial investor interest in what we are trying to accomplish at Decisive such that the maximum number of shares qualified for distribution under the Offering were sold. In addition to pursuing potential additional acquisitions and continuing to focus on our existing subsidiaries Blaze King and Unicast, we are excited to be integrating our two new operating subsidiaries Slimline Manufacturing Ltd. and Hawk Machine Works Ltd. into the Decisive Dividend group of companies."

About Decisive Dividend Corporation

Decisive Dividend Corporation is an acquisition-oriented company, focusing on the manufacturing sector. The Corporation uses a disciplined acquisition strategy to identify already profitable, established companies that have strong management teams, generate steady cash flow, operate in non-cyclical markets, and have opportunity for future growth.

For additional information regarding Decisive Dividend Corporation and its operating subsidiaries, see its short form prospectus dated June 19, 2018 and its annual information form dated April 17, 2018.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. David Redekop, Chief Financial Officer

#201, 1674 Bertram Street

Kelowna, BC V1Y 9G4

Telephone: (250) 870-9146

Not for distribution in the United States

This press release is not for distribution to U.S. Newswire Services or for dissemination in the United States.

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

Copyright (c) 2018 TheNewswire - All rights reserved.

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