(TheNewswire)
Kelowna, British Columbia / TheNewswire / June 28, 2018:
Decisive Dividend Corporation (TSX-V: DE) (“Decisive” or the “Corporation”), a
growth-oriented acquisition company, is pleased to announce that it has completed its previously announced acquisition (the
“Hawk Acquisition”) of Hawk Machine Works Ltd. (“Hawk”).
In satisfaction of the closing payment of $13,500,000, Decisive made a cash payment of $10,800,000 from the net
proceeds of the initial closing of its public offering of common shares earlier today and issued to the vendors an aggregate of
678,392 common shares of Decisive at a deemed price of $3.98 per share, being the volume weighted average trading price of the
common shares of Decisive for the sixty trading day period ended June 27, 2018.
The purchase price is subject to customary post-closing adjustments for working capital and long-term
indebtedness.
James Paterson, Chief Executive Officer of Decisive, said:
“ We are very excited about the Hawk acquisition and welcome their team to
the Decisive group. The acquisition adds geographic and industry diversity to our revenue streams, as well as opportunities for
growth in new markets. Hawk founder, Duane Klassen, and his team have done a fantastic job building the business and their
reputation as a complete turnkey solution for customized machining products .
Hawk’s technical expertise and access to customers in the energy industry will help support growth
initiatives at both Slimline and Unicast, and Unicast is expected to provide access to new opportunities for Hawk in the cement,
aggregate and mining industries.
Hawk is our second completed acquisition this year and demonstrates commitment to our long-term
business plan to acquire specialty manufacturing companies, diversify our overall business risk profile and
return a steady income stream to our shareholders. ”
Further information regarding Hawk and the Hawk Acquisition is set forth in the Corporation’s short form prospectus
dated June 19, 2018, a copy of which is available on the Corporation’s profile on the System for Electronic Document Analysis and
Retrieval at www.sedar.com.
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About Decisive Dividend Corporation
Decisive Dividend Corporation is an acquisition-oriented company, focusing on the manufacturing sector. The
Corporation uses a disciplined acquisition strategy to identify already profitable, established companies that have strong
management teams, generate steady cash flow, operate in non-cyclical markets, and have opportunity for future growth.
The Corporation’s manufacturing operations now consist of Blaze King, Unicast, Slimline and Hawk Machine.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. David Redekop, Chief Financial Officer
#201, 1674 Bertram Street
Kelowna, BC V1Y 9G4
Telephone: (250) 870-9146
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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