03:14:15 EDT Sat 24 May 2025
Enter Symbol
or Name
USA
CA



Direct Communication Solutions Inc (2)
Symbol DCSI
Shares Issued 2,305,079
Close 2024-09-04 C$ 3.14
Market Cap C$ 7,237,948
Recent Sedar Documents

Direct Communication arranges loans with creditors

2024-09-04 19:58 ET - News Release

An anonymous director reports

DCS ANNOUNCES ENTERING INTO A LOAN AGREEMENTS AND ISSUES WARRANTS

Direct Communication Solutions Inc. has entered into four loan agreements with several creditors for an aggregate principal amount of $350,000 (U.S.) ($480,150) with interest charges of 19 per cent and 15 per cent per annum on the principal.

Further, as an additional consideration for agreeing to finance the proceeds of the loan agreements, Direct Communication shall grant common stock purchase warrants to purchase up to 50,000 shares of common stock to the creditors where each warrant will entitle the holder to purchase one share of common stock of Direct Communication for 24 months from the date of issuance of the warrants at an exercise price of $2.00 ($1.48 (U.S.)).

The loan agreements and the issuance of the warrants associated with the loan agreements are subject to the prior written approval of the Canadian Securities Exchange.

About Direct Communication Services Inc.

Direct Communication Solutions is a technology solutions integrator focusing on connecting the Internet of things. The company provides real solutions that solve real problems. Direct Communication Solutions' software applications and scalable cloud services collect and assess business-critical data from all types of assets. Direct Communication Solutions is headquartered in San Diego, Calif.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.