(via Thenewswire.ca)
Kelowna, British Columbia / TheNewswire / June 22, 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 private placement (the "Offering") pursuant to which it issued (or will issue) an aggregate of 1,659,114 Common Shares for aggregate gross proceeds of $4,977,342.
The offering was led by Industrial Alliance Securities Inc. and Laurentian Bank Securities Inc. (collectively, the "Agents").
The Corporation intends to use the net proceeds of the Offering, together with the proceeds of a loan from its senior lender, to complete its previously announced acquisition of Unicast Inc., as more particularly described in its press release dated May 2, 2016.
The loan financing and acquisition of Unicast Inc. is expected to close on June 23, 2016 and the Corporation will make a further announcement following the completion of such acquisition.
About Decisive Dividend Corporation
The Corporation owns the Blaze King group of companies and Unicast Inc. The Common Shares trade on the TSXV under the trading symbol "DE".
The TSXV has not in any way passed upon the merits of the Private Placement and has neither approved nor disapproved of the contents of this press release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. David Redekop, Chief Financial Officer
#104, 1420 St. Paul Street
Kelowna, BC V1Y 2E6
Telephone: (250) 870-9146
Cautionary Statement
Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on management's current beliefs, assumptions and expectations as to the outcome and timing of such future events. Actual future results may differ materially. Risk factors that could cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking information include all risks associated with the businesses carried on by operating subsidiaries of the Corporation. The Corporation cautions the reader that the above list of risk factors is not exhaustive. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
No Dissemination in the United States
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Corporation have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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