(TheNewswire)
Kelowna, British Columbia / TheNewswire / January 3, 2017: Decisive Dividend
Corporation (TSX-V: DE) (the “Corporation”) announces today that it is aware of a notice of
motion filed with the Ontario Superior Court by Constance Weller, Gerald Weller, Adrianne Latimour and Tara Pengally, the
plaintiffs in a civil claim (the “Claim”) requesting an order granting the plaintiffs leave to
amend their statement of claim to, among other things, add two of the Corporation’s subsidiaries, Valley Comfort Systems Inc. and
Blaze King Industries Canada Ltd. as defendants to the Claim.
The Claim arose out of an explosion that occurred on January 8, 2016 at a cottage located in the city of
Kawartha Lakes. The Claim was commenced on April 25, 2016 and the original statement of claim named as defendants each of a
propane service company who was called prior to the explosion, the owner of such propane service company, the gas technician who
was at the cottage at the time of the explosion, the manufacturer of a valve used in a propane fireplace located in the cottage and
the installer of such propane fireplace.
The original statement of claim names the manufacturer of the valve used in the propane fireplace located in
the premises as the manufacturer of the entire fireplace, rather than Valley Comfort Systems Inc. and Blaze King Industries Canada
Ltd., and the purpose of the notice of motion is to correct that error and to add those named subsidiaries as defendants to the
Claim.
Under the Claim, the four individual plaintiffs seek aggregate damages against the defendants of: $11,000,000, plus
aggregate punitive, aggravated or exemplary damages of $10,000,000, $200,000 in damages pursuant to the Family Law Act (Ontario)
and prejudgment interest, costs and such other relief as the court deems just.
Management of the Corporation believes that the Claim against the named subsidiaries is without merit and, in the
event that court grants the motion allowing the statement of claim to be amended, each of the named subsidiaries will vigorously
defend itself against the Claim.
In the event that the requested motion is granted and damages are ultimately awarded against the named subsidiaries,
management of the Corporation believes damages of up to $10,000,000 would be insured, which is the limit on the insurance policy.
The named subsidiaries have notified their insurance company of the notice of motion.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this news
release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. David Redekop, Director and Chief Financial Officer
#104, 1420 St. Paul Street
Kelowna, BC V1Y 2E6
Telephone: (250) 870-9146
Cautionary Statements
This press release contains forward-looking statements relating to the court proceedings referenced
herein and the anticipated actions of the Corporation and its named subsidiaries in respect thereof. The forward-looking statements
contained in this press release are made as of the date hereof and the Corporation is not obligated to update or revise any
forward-looking statements, 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.
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.
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