/NOT FOR DISTRIBUTION IN THE UNITED STATES/
KELOWNA,
BC, April 13, 2023 /CNW/ - Decisive Dividend
Corporation (TSXV: DE) (the "Corporation" or
"Decisive") announced today the closing of its previously
announced upsized bought deal equity financing (the
"Financing") of units ("Units") of Decisive,
including the full exercise of the over-allotment option for
aggregate gross proceeds of $11,610,124.
Eight Capital and Cormark Securities Inc., acting as co-lead
underwriters, with a syndicate of underwriters including Canaccord
Genuity Corp, Echelon Wealth Partners Inc., Raymond James Ltd. and
Stifel Nicolaus Canada Inc. (collectively, the
"Underwriters").
The Financing was completed by way of a prospectus supplement to
the short form base shelf prospectus of the Corporation dated
November 30, 2022 . The prospectus
supplement and base shelf prospectus are available on the
Corporation's SEDAR profile at www.sedar.com.
Decisive sold an aggregate of 1,964,488 Units at a price of
$5.91 per Unit, for aggregate gross
proceeds of $11,610,124, inclusive of
256,238 Units issued pursuant to the exercise in full of the
over-allotment option granted to the Underwriters. The Underwriters
received a cash commission equal to 6.50% of the gross proceeds of
the Financing, except for purchasers identified on the president's
list for which the cash commission was 3.25%.
Each Unit is comprised of one common share of Decisive and
one-half of one common share purchase warrant. Each whole
common share purchase warrant entitles the holder thereof to
purchase one common share of Decisive, at an exercise price of
$7.09 per common share, for a period
of 24 months following the closing of the Financing.
The net proceeds of the Financing will be used to partially
repay Decisive's revolving term acquisition facility.
About Decisive Dividend
Corporation
Decisive Dividend Corporation is an acquisition-oriented
company, focused on opportunities in manufacturing. The
Corporation's purpose is to be the sought-out choice for exiting
legacy-minded business owners, while supporting the long-term
success of the businesses acquired, and through that, creating
sustainable and growing shareholder returns. The Corporation uses a
disciplined acquisition strategy to identify already profitable,
well-established, high quality manufacturing companies that have a
sustainable competitive advantage, a focus on non-discretionary
products, steady cash flows, growth potential and established,
strong leadership.
For more information on Decisive, or to sign up for email
notifications of Corporation press releases, please visit
www.decisivedividend.com.
Cautionary
Statements
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Not for distribution in
the United States
This press release is not for distribution to U.S. Newswire
Services or for dissemination in the
United States. Any failure to comply with this restriction
may constitute a violation of U.S. Securities laws.
The Units have not been and will not be registered under the
U.S. Securities Act or any state securities laws and may not be
offered or sold within the United
States or to, or for the account or benefit of, U.S. Persons
(as such term is defined in Regulation S under 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.
SOURCE Decisive Dividend Corporation
