Business
Decisive Dividend Corporation Announces Initial Closing of Public Offering
(via TheNewswire) June 28, 2018 / TheNewswire / Kelowna, British Columbia - Decisive ...
About this update from Decisive Dividend Corp.
[{"type":"text","content":"Decisive Dividend Corporation Announces Initial Closing of Public Offering(via TheNewswire)\n \n \nJune 28, 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 it has completed the initial closing of its previously announced best efforts public offering (the \"Offering\") of common shares through its agent, Industrial Alliance Securities Inc. (the \"Agent\"). The Corporation sold 3,198,145 common shares at a price of $4.00 per share for aggregate gross proceeds of $12,792,580.\n\n \n \nThe Corporation paid to the Agent aggregate commissions of $825,895 and issued an aggregate of 206,474 broker warrants to the Agent and other selling group members as directed by the Agent. Each broker warrant 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 of the initial closing of the offering.\n\n \n \nThe Offering continues under the Corporation's short form prospectus dated June 19, 2018. The Corporation and the Agent currently anticipate a second and final closing to occur in July, 2018.\n\n \n \nThe net proceeds of the first closing of the Offering will be used to satisfy the cash component of the purchase price payable upon the closing of Decisive's previously announced acquisition of Hawk Machine Works Ltd. which is scheduled to close later today.\n\n \n \nJames Paterson, Chief Executive Officer of the Corporation said: \"We are very pleased at investors' positive response to our public offering. The successful first closing of the offering will enable us to complete our previously announced acquisition of Hawk Machine Works Ltd., which will be our second completed acquisition in 2018. We continue to build our potential acquisition pipeline and our ability to access capital is an important factor in acquiring additional attractive manufacturing companies. On behalf of Decisive Dividend Corporation, I would like to thank Industrial Alliance Securities Inc. for leading this successful public financing.\"\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 strate...