Decisive Dividend Corporation Announces Proposed Second Acquisition

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[{"type":"text","content":"Decisive Dividend Corporation Announces Proposed Second Acquisition(via Thenewswire.ca)\n \n \nMay 2, 2016 / TheNewswire / Kelowna, British Columbia: 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 its proposed acquisition of Unicast Inc. (\"Unicast\"), a company based in Kelowna, British Columbia which designs, manufactures and markets wear parts for the mining, aggregate and cement industries.\n\n \n \nShare Purchase Agreement\n\n \n \nDecisive and the current shareholders of Unicast (the \"Vendors\") are parties to a share and loan purchase agreement dated April 29, 2016 (the \"Share Purchase Agreement\") pursuant to which Decisive and its wholly-owned subsidiary agreed to purchase all of the issued and outstanding shares of Unicast (and certain shareholder loans of its shareholders) for a purchase price of $11,000,000 (the \"Purchase Price\"), subject to closing adjustments for indebtedness and working capital. \n\n \n \nThe Purchase Price is proposed to be satisfied through the issuance of common shares of Decisive (\"Decisive Shares\") having a value of $1,551,000, with the balance of $9,449,000 paid in cash. \n\n \n \nDecisive intends to finance the cash portion of the Purchase Price from the proceeds of a private placement of Decisive Shares (the \"Private Placement\") (with targeted gross proceeds of $5,000,000) and a $5,500,000 debt financing from Decisive's senior lender (the \"Debt Financing\").\n\n \n \nWith respect to the share consideration, the Decisive Shares will be issued to the Vendors at the same price of the Decisive Shares issued pursuant to the Private Placement. Decisive is currently negotiating the terms of the Private Placement with an investment dealer with a view to engaging the dealer to raise targeted gross proceeds of $5,000,000 at a price of $3.00 per Decisive Share. In such event, the Vendors would receive an aggregate of 517,000 Decisive Shares in satisfaction of the share consideration under the Share Purchase Agreement.\n\n \n \nClosing is anticipated to occur on or about June 17, 2016 and is subject to a number of closing conditions, including the successful completion of the Private Placement and the Debt Financing, as well as receipt of the approv...

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