Business
Decisive Dividend Corporation Announces Exercise of Over-Allotment Option
(via TheNewswire) July 5, 2018 / TheNewswire / Kelowna, British Columbia: Decisive Di...
About this update from Decisive Dividend Corp.
[{"type":"text","content":"Decisive Dividend Corporation Announces Exercise of Over-Allotment Option(via TheNewswire)\n\n \nJuly 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\").\n\n \n \nAs 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.\n\n \n \nOn 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.\n\n \n \nThe Corporation and the Agent have tentatively scheduled July 19, 2018 as the second and final closing date for the Offering.\n\n \n \nAbout Decisive Dividend Corporation\n\n \n \nDecisive 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.\n\n \n \nFor 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.\n\n \n \nFOR FURTHER INFORMATION PLEASE CONTACT: \n\n \n \nMr. David Redekop, Chief Financial Officer\n\n\n \n#201, 1674 Bertram Street\n\n\n \nKelowna, BC V1Y 9G4\n\n\n \nTelephone: (250) 870-9146\n\n \n \nCautionary Statements\n\n \n \nForward-Looking Statements\n\n \n \nCertain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of an...