July 5, 2018 / TheNewswire / Kelowna, British Columbia: Decisive Dividend Corporation (TSX-V: DE) (“Decisive” or the “Corporation”), a growth-oriented acquisition company, is pleased to announce that Industrial Alliance Securities Inc. (the “Agent”) has exercised its over-allotment option in connection with the Corporation’s public offering of common shares (“Common Shares”) by way of short form prospectus dated June 19, 2018 (the “Offering”).

 

As a result of the exercise of the over-allotment option, the Corporation may issue and sell up to 487,500 additional Common Shares at a price $4.00 per share pursuant to the Offering.  Accordingly, the Corporation may issue and sell up to an aggregate of 539,355 additional Common Shares (inclusive of Common Shares underlying the over-allotment option) at a price of $4.00 per share for maximum additional gross proceeds of $2,157,420.

 

On June 28, 2018, the Corporation issued and sold 3,198,145 Common Shares at a price of $4.00 per share under the Offering for aggregate gross proceeds of $12,792,580.

 

The Corporation and the Agent have tentatively scheduled July 19, 2018 as the second and final closing date for the Offering.

 

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

 

Cautionary Statements

 

Forward-Looking Statements

 

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on management’s current beliefs, assumptions and expectations as to the outcome and timing of such future events.  Actual future results may differ materially. In particular, this press release contains forward-looking information relating to the potential second closing of the Offering.  Risk factors that could cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking information include, among other things: the failure to successfully complete the second closing of the Offering.  The Corporation cautions the reader that the above list of risk factors is not exhaustive.  The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

 

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.