Decisive Dividend Corporation Announces Closing of Second Acquisition and Related Debt and Equity Financings

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[{"type":"text","content":"Decisive Dividend Corporation Announces Closing of Second Acquisition and Related Debt and Equity Financings(via Thenewswire.ca)\n \n \nKelowna, British Columbia / TheNewswire / June 23, 2016 - Decisive Dividend Corporation (TSX-V: DE) (\"Decisive\" or the \"Corporation\"), a growth oriented acquisition company with its common shares (\"Common Shares\") listed on the TSX Venture Exchange (the \"TSXV\"), is pleased to announce the closing of its previously announced acquisition of Unicast Inc. (\"Unicast\"), for an aggregate purchase price of $11,000,000, subject to customary post-closing adjustments for working capital.\n\n \n \nUnicast designs, manufactures and markets wear parts for the mining, aggregate and cement industries. Founded in 1994, it operates from an 8,440 square foot manufacturing facility based in Kelowna, British Columbia. Unicast supplies wear parts and valves to all four multi-national cement companies operating in North America. Its growing distributor base includes six distributors in Canada, seven distributors in the United States and three distributors in other countries. In 2012, Unicast introduced titanium carbide (TiC) wear parts which provide much longer wear life than comparative products. Currently Unicast believes that it is the only company that offers TiC wear parts in North America. In 2014Unicast introduced a new two-way valve product for the cement industry, which positions Unicast as one of only two suppliers of two-way valve solutions for cement plants in North America.\n\n \n \nThe management team of Unicast is led by its founder, Mr. Gerry L'Esperance, who will remain as President of Unicast following the acquisition.\n\n \n \nThe purchase price of Unicast Inc. was satisfied through the issuance of 516,996 Common Shares at a deemed value of $3.00 per Common Share, with the balance paid in cash. The cash portion of the purchase price was paid from the net proceeds of a $5,500,000 loan from the Corporation's senior lender and from the net proceeds of a private placement of Common Shares (the \"Private Placement\") led by Industrial Alliance Securities and Laurentian Bank Securities pursuant to which the Corporation issued an aggregate of 1,659,114 Common Shares for aggregate gross proceeds of $4,977,342.\n\n \n \n\"We are very excited about completing the acquisition of Unicast,\" commented ...

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