Decisive Dividend Corporation Announces Private Placement Offering

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[{"type":"text","content":"Decisive Dividend Corporation Announces Private Placement Offering(via Thenewswire.ca)\n \n \nKelowna, British Columbia / TheNewswire / May 5, 2016 - Decisive Dividend Corporation (TSX-V: DE) (\"Decisive\" or the \"Corporation\"), a growth oriented acquisition company listed on the TSX Venture Exchange (the \"TSXV\"), is pleased to announce that, further to proposed second acquisition announced in its press release on May 2, 2016, it has entered into an agreement with Industrial Alliance Securities Inc. (\"IAS\") and Laurentian Bank Securities Inc. (\"LBS\" and together with IAS, the \"Agents\") pursuant to which the Agents have agreed to sell, on a commercially reasonable best efforts basis, common shares of the Corporation (\"Common Shares\") at a price of $3.00 per Common Share for gross proceeds in the minimum amount of $4.75 million and up to $5.0 million (the \"Private Placement\").\n\n \n \nThe Agents will generally be paid a cash commission equal to 7% of the aggregate gross proceeds of the Private Placement and broker warrants entitling the holder to purchase such number of Common Shares equal to 7% of the aggregate number of Common Shares sold pursuant to the Private Placement. Notwithstanding the foregoing, with respect to Common Share purchases by certain purchasers designated by the Corporation on a list mutually agreed to between the Corporation and the Agents (the \"President's List\"), the Agents will be paid a cash commission equal to 4% of the aggregate gross proceeds of such sales and warrants entitling the holder to purchase such number of Common Shares equal to 4% of the aggregate number of Common Shares sold.\n\n \n \nEach broker warrant will entitle the holder thereof to acquire one Common Shares at an exercise price of $3.00 per Common Shares for a period of 24 months following the closing of the Private Placement.\n\n \n \nThe Agents are also entitled to receive a non-refundable work fee equal to $20,000.\n\n \n \nThe net proceeds of the Private Placement will be used to partially satisfy the cash portion of the purchase price to be paid by the Corporation in connection with its recently announced proposed acquisition of Unicast Inc., a company based in Kelowna, British Columbia which designs, manufactures and markets wear parts for the mining, aggregate and cement industries.\n\n \n \nThe closing of the...

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