DECISIVE DIVIDEND CORPORATION ("DE") ("DE.WT")
BULLETIN TYPE: Prospectus-Unit Offering, New Listing-Warrants
BULLETIN DATE: April 17, 2023
TSX Venture Tier 2 Company
Effective April 13, 2023, the Company's bought-deal Unit Offering filed pursuant to the Prospectus Supplement dated April 10, 2023, to the (final) Short Form Base Shelf Prospectus dated November 30, 2022, was filed with and accepted by TSX Venture Exchange. The Short Form Base Shelf Prospectus was filed with the British Columbia Securities Commission and the authorities of all provinces and territories of Canada except Quebec.
TSX Venture Exchange has been advised that closing occurred on April 13, 2023, for gross proceeds of $11,610,124 (including full exercise of the Agents' Over-Allotment Option).
Offering:
| 1,964,488 units of the Company (each a "Unit"), including full exercise of Over-
Allotment Option described below. Each Unit consists of one common share in
the capital of the Company and one-half of one common share purchase warrant
(each whole common share purchase warrant, a "Warrant"). Each Warrant is
exercisable to purchase one common share in the capital of the Company.
| Unit Price:
| $5.91 per Unit
| Warrant Exercise Price/Term:
| $7.09 per share to April 13, 2025
| Underwriters:
| Eight Capital, Cormark Securities Inc., Canaccord Genuity Corp., Echelon
Wealth Parts Inc., Raymond James Ltd. and Stifel Nicolaus Canada Inc.
| Underwriters' Commission:
| An aggregate of $694,578.92 in cash commission (including commission
payable from the Over-Allotment Option)
| Over-Allotment Option:
| The Underwriters were granted an over-allotment option exercisable in whole or
in part for up to 30 days following the closing date for up to an additional 256,238
Units. The over-allotment option was exercised in full.
|
New Listing - Warrants
Effective at the opening on Wednesday, April 19, 2023, the Warrants will commence trading on TSX Venture Exchange. The Company is classified as an 'Industrial' company.
Corporate Jurisdiction:
| British Columbia
| Capitalization:
| 982,244 warrants, authorized by a warrant indenture dated
April 13, 2023, of which 982,244 warrants are issued and
outstanding
| Transfer Agent:
| Computershare Trust Company of Canada
| Trading Symbol:
| DE.WT
| CUSIP Number:
| 24345T 12 6
|
Each warrant entitles the holder to purchase one common share of the Company at an exercise price of $7.09 per share until twenty-four (24) months from the closing date of the offering.
For further information, please reference the Company's (final) Short Form Base Shelf Prospectus dated November 30, 2022, Prospectus Supplement dated April 10, 2023 and news releases dated April 5, 2023, April 6, 2023, April 13, 2023 and April 17, 2023. |
